Luxury price cuts in Miami, New York, Los Angeles, and Dubai
As of August 25, 2026. Live markets: Miami, New York, Los Angeles, Scottsdale, Park City, and Dubai. Listing-side asking-price reductions, not sold comps.
Miami had 1,452 active asking-price reductions, averaging −6.6 percent — $309.49 million off published asks across 32 areas. That is the condo tape, and the insurance stack is the other half of the bill: the list-price move does not include the HOA cash call. New York had 2,844 listings down an average 7.0 percent, $668.77 million across 126 areas. The mansion-tax band is where a New York seller actually reprints the ask. Los Angeles had 1,762 cuts averaging −7.6 percent, $867.73 million across 47 areas, and the Westside is where that tape is thickest.
The three US cities together: 6,058 listings and $1.85 billion off published asks. Dollars stay dollars. Dubai is a different tape — 3,428 active cuts, averaging −6.5 percent, AED 2.49 billion across 117 areas. Dirhams stay dirhams. We do not add the two.
This page is the four-city snapshot as of August 25, 2026. The write-ups below go into each city.
The four cities, August 25
| Market | Active drops | Avg drop | Value wiped | Areas |
|---|---|---|---|---|
| Miami | 1,452 | −6.6% | $309.49M | 32 |
| New York | 2,844 | −7.0% | $668.77M | 126 |
| Los Angeles | 1,762 | −7.6% | $867.73M | 47 |
| US together | 6,058 | — | $1.85B | — |
| Dubai | 3,428 | −6.5% | AED 2.49B | 117 |
Also in this issue
- Miami. Condos, and the insurance stack behind the cut. Read the Miami write-up.
- New York. The mansion-tax band is where the ask gets reprinted. Read the New York write-up.
- Los Angeles. The Westside is where the tape is thickest. Read the Los Angeles write-up.
- 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.
Upcoming
September, October, November — not published yet.
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.