Florida Luxury-Home Market Keeps Rising -- Market Talk

1015 ET - Luxury home-sale prices in Miami rose 18% year-over-year in July, the biggest increase of the 50 most populous U.S. metros, Redfin says. That's followed by Tampa, where prices increased 15.4%. Luxury prices are growing at least three times faster in those Florida metros as they are in the U.S. as a whole, which posted a 5.3% uptick in July. Non-luxury prices fell 1.3% in Miami, and they were essentially unchanged in Tampa. Luxury home prices are rising on both Florida coasts even as non-luxury prices stagnate, fueled by an influx of wealthy buyers snapping up high-end properties across the state. Affluent Americans are drawn to Florida for its favorable tax environment, warm weather and waterfront lifestyle, keeping demand for luxury homes strong even as the broader housing market softens. (chris.wack@wsj.com)

(END) Dow Jones Newswires

September 03, 2026 10:15 ET (14:15 GMT)