The data shows a clear upward shift in where the market is operating at the top end. In early 2024, the majority of top price activity was concentrated below $800K, indicating a lower ceiling for what buyers were consistently willing to pay. By 2025, that activity had moved decisively into the $800K–$1M range, and in 2026, that range has become the dominant battleground. This tells us the market hasn’t just recovered, it has reset to a higher pricing baseline.
What’s just as important is what’s happening above $1M. While $1M–$1.25M and $1.25M+ price bands are appearing more frequently each year, they are not yet the dominant segments. This signals that luxury demand is growing, but still selective. Buyers are willing to stretch, but only for properties that justify the price. That creates a clear divide between homes that are positioned well and those that are simply priced optimistically.
