Luxury price cuts in Miami, New York, Los Angeles, and Dubai
As of October 23, 2026 (live feeds, refreshed on every site build). Live markets: Miami, New York, Los Angeles, Scottsdale, Park City, and Dubai. Listing-side asking-price reductions, not sold comps.
How these figures are produced: methodology. Daily per-market summary data: all-markets.csv.
Miami had 1,762 active asking-price reductions, averaging −7.3 percent — $418.04M off published asks across 32 areas. New York had 5,068 active asking-price reductions, averaging −7.3 percent — $1.14B off published asks across 130 areas. Los Angeles had 3,508 active asking-price reductions, averaging −8.2 percent — $1.3B off published asks across 61 areas.
The three US cities together: 10,338 listings and $2.86B off published asks. Dollars stay dollars. Dubai is a different tape — 593 active cuts, averaging −5.2 percent, AED 264.84M across 260 areas. Dirhams stay dirhams. We do not add the two.
These headline figures come from the live Zillow (US) and Bayut (Dubai) buy feeds as of October 23, 2026. The dated sections below keep the date they were published with; live feeds overwrite history, so they are not monthly closes.
Latest
Live stock across Dubai, Abu Dhabi, and RAK (buy + rent), feeds last refreshed 12:02pm–12:10pm ET, refreshed on every site build. 1,071 buy + 1,351 rent. Exact drop value AED 462,891,043. Not a monthly close.
Last dated snapshot: UAE dated snapshot, Oct 10, 2026 · GLOBAL dated snapshot, Oct 10, 2026
Active drops — dated snapshots only
Apr 3 published: 7,575 · May 19: 7,820 · Aug 25: 13,957 · Sep 15: 13,737 · Sep 22: 9,479 · Oct 5: 2,113 · Oct 8: 2,135 · Oct 10: 2,120 · Oct 23 (live): 2,422 (AED 462.89M / 5.5% buy / 7.2% rent). Earlier points are dated stock only — not monthly closes.
The four cities, October 23, 2026
| Market | Active drops | Avg drop | Value wiped | Areas |
|---|---|---|---|---|
| Miami | 1,762 | −7.3% | $418.04M | 32 |
| New York | 5,068 | −7.3% | $1.14B | 130 |
| Los Angeles | 3,508 | −8.2% | $1.3B | 61 |
| US together | 10,338 | −7.6% | $2.86B | 223 |
| Dubai | 593 | −5.2% | AED 264.84M | 260 |
Live Zillow (US) and Bayut (Dubai) buy feeds as of October 23, 2026. US together: average across all 10,338 US listings; areas are counted per city and added.
Also in this issue
- Miami. Condos, and the insurance stack behind the cut. Read the Miami write-up (dated Oct 5, 2026 snapshot). Live now: 1,762 cuts, −7.3% average, $418.04M (as of October 23, 2026).
- New York. The mansion-tax band is where the ask gets reprinted. Read the New York write-up (dated Oct 5, 2026 snapshot). Live now: 5,068 cuts, −7.3% average, $1.14B (as of October 23, 2026).
- Los Angeles. The Westside is where the tape is thickest. Read the Los Angeles write-up (dated Oct 5, 2026 snapshot). Live now: 3,508 cuts, −8.2% average, $1.3B (as of October 23, 2026).
- Scottsdale. Live Arizona hub. Browse Scottsdale drops.
- Park City. Live Utah / Salt Lake market hub. Browse Park City drops.
- Dubai. The AED buy tape — dirhams, not dollars. Read the Dubai write-up (dated Oct 5, 2026 snapshot). Live now: 593 cuts, −5.2% average, AED 264.84M (as of October 23, 2026).
- UAE six-feed stock (Latest). Live Bayut buy + rent stock as of October 23, 2026 (2,422 / AED 462.89M / 5.5% buy / 7.2% rent). Last dated snapshot: UAE dated snapshot, Oct 10, 2026 (2,120 / AED 506.73M / 5.4% buy / 7.2% rent).
- Past UAE stock (dated snapshots). Oct 8, 2026 (global) (2,135 / AED 492.31M / 5.7% buy / 7.1% rent); Oct 5 (global) (2,113 / AED 435.65M / 5.3% buy / 7.2% rent); Sep 22 (global) (9,479 / AED 2.87B / 7.0% buy / 10.3% rent); Sep 15 (global); Aug 25 (global).
Upcoming
October, November — not published yet. September is not on this list: live feeds overwrite history, so a calendar September close cannot be rebuilt honestly from survivors (same as August).
US figures are Zillow buy. Dubai is Bayut buy. The UAE archive is separate. Scottsdale and Park City are live US hubs — Scottsdale drops, Park City drops. Luxury Price Drops is not a brokerage.