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January 2026 Luxury Housing Report: Old vs New, Comparing Legacy Luxury and Emerging Markets

National luxury home prices remained steady at a $1.19 million entry-level threshold, with ultraluxury prices showing slight monthly gains but down year over year. Older coastal markets feature smaller, legacy homes, while newer markets offer larger, recently built luxury homes often exceeding 3,500 sq ft. Top luxury markets mostly saw price declines, except for Heber, UT, and Key West, FL, which posted gains due to limited supply and strong demand.

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Daulton Ehlen

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