In June 2026, luxury home prices nationally declined 1.7% year-over-year, with the entry threshold at $1.28 million, marking 27 months of consecutive drops. Vacation markets like Nantucket, MA, with over 50% seasonal homes, defy this trend due to scarcity of location, commanding high prices despite smaller sizes. Coastal and mountain vacation spots show strong demand, while urban luxury markets face declines. Naples, FL, uniquely saw a 4.1% price increase.