The National Luxury Threshold Just Dropped. The Priciest Zip Codes Didn't Notice.

Realtor.com's latest read on the housing market found the bar for what counts as "luxury" easing nationwide, even as some of the country's most expensive addresses kept climbing regardless. It's a split that will sound familiar to anyone who has cross-shopped a listing on one stretch of Florida coastline against another an hour up or down the road. Fewer houses now clear the luxury line as a matter of course, while the handful that always did just keep pulling away from it.

With reporting from Robb Report.