The market for homes priced over $10 million is growing despite broader affordability challenges. Sales are concentrated in Manhattan, Greater Los Angeles, and South Florida but are expanding to more development-friendly areas. Top markets include Manhattan (398 sales, +29.6%), Greater Los Angeles (292 sales, +53.7%), and Palm Beach County (193 sales, +46.2%). Other notable markets show significant year-over-year growth in ultra-luxury home sales.