2026 Luxury home sales increase in 2026. The Ellis Team Luxury Market Index has predicted a good season for luxury home sales and the evidence bears that out. Official numbers published by Florida Realtors shows an increase in sales over $1Million for homes up to $1.5 Million. After that, the numbers begin to fall off in Southwest Florida.
2026 Luxury Home Sales Increase
What’s causing an increase in luxury home sales? We are seeing high end homeowners fleeing high tax states, both in terms of income tax and property tax. Florida is an attractive alternative financially, and climate wise. If people can leave family and have job options, they choose to do so. Florida still seems like a bargain compared to other places.
While it is season which tends to attract more high-end buyers, we are comparing against last year’s season as well. This tells us that the market is substantially better off in 2026 than 2025. It does not mean prices are higher. It could mean 2026 sellers have become more realistic and adjusted to the new market. It could also mean demand is strong enough to influence the market in a positive way. We think both are the case.
Overall Southwest Florida Market Better Too
The overall Southwest Florida market is better as well. This is across the board. No segment of the market is having troubles, although we do see some price sensitivity in the lower price ranges. This makes sense because the lower prices are more sensitive to inflation and higher interest rates. Rates have been coming down, but the effects of years of inflation have taken its toll. Prices were bound to correct, and they have.
Why Are Prices Not Rising?
This is the calm before the storm. The fundamentals are warming up. Higher prices are a lagging indicator, and we have more room to go before we get to that point. Prices don’t automatically rise until the fundamentals shape up. This is happening, but it doesn’t happen overnight. Rarely do markets heat up or contract overnight, although it feels like it did during Covid. We can’t say when this will happen because there are some negative forces weighing on the market as well. The negative forces may not be enough to overcome the positive forces, but it can slow it down. Once wildcards like the Iran war, oil prices, inflation, and interest rates work themselves out, this market could be ready to go.
You tell me when the wildcards are finished and I’ll tell you when to start watching for the market to take off. In the meantime, and as is typical with most markets, we watch all forces until a pattern emerges. Right now, the pattern is careful monitoring.
21 Day Velocity Window
The Ellis Team is home to the 21 Day Velocity Window and the AI Interview™ We have a system that matches the market’s intensity and gets homes sold faster and for more money. Excess time on the market is not your friend. You do not want your home turning invisible by the AI algorithms. 17.26% of all homes are invisible and won’t sell without major changes. We don’t want your home to get to that point.
If you have a property to sell, the Ellis Team can help. Call us at 239-489-4042 and ask for Sande Ellis or Brett Ellis. All of our indexes are posted on our website
https://www.TopAgent.com for you to study.
Put the Ellis Team to work for you and sell for Top Dollar!
Good luck and Happy Selling!
