Luxury home prices are falling nationwide—except in Florida, where billionaires like Jeff Bezos and Ken Griffin have spent hundreds of millions

Luxury home prices are rising in just 12 U.S. metros, and five of them are in Florida, according to a new Realtor.com report. The concentration reflects sustained demand from ultra-wealthy buyers such as Jeff Bezos and Ken Griffin, who have spent hundreds of millions on Florida properties. The trend runs counter to the national picture, where luxury prices are falling in most markets. Florida's appeal has been reinforced by its tax advantages and influx of high-net-worth residents. Watch whether the divergence persists as inventory and insurance costs weigh on the broader housing market.