The national luxury housing entry point fell 2.7% to $1,250,750, marking 29 months of annual declines. Price reductions occurred across all luxury tiers, with the top 5% and top 1% thresholds dropping 1.2% and 1.7%, respectively. Despite lower prices, luxury homes sold faster than a year ago. Regional trends varied, with Austin seeing a 9.6% drop and California markets showing significant declines but rapid sales, indicating strong demand amid price adjustments.