Million-dollar home sales in the U.S. in March faced its largest decline since 2010, with sales down 8.3% year-over-year in the 85 markets analyzed in a realtor.com report released Monday.



Luxury price growth is on the decline, too—although entry-level prices in March rose 3% since last year, growth slowed compared to February, which saw a 3.9% year-over-year increase, according to the report. The average entry price was $1.25 million in March in the 85 markets combined.



Only 35 of the 85 markets saw growth in luxury sales in March, down from 48 in February.



Many of these growing cities are secondary markets. According to the report, Westchester, New York; Plymouth, Massachusetts; Loudoun, Virginia; Honolulu, Hawaii; and San Luis Obispo County, California, had the top five fastest growing markets, each experiencing at least 58% growth in luxury sales.



A representative from realtor.com was not immediately available to comment.



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In Florida, the Tampa area continued to grow in prices and sales. Prices increased 13.7% year-over-year, reaching an entry-level price point of $731,000 in March. Pinellas County luxury sales were up 46.9% since March 2018, according to the report.



While the Tampa luxury market continues to rise, other Florida markets are declining.



After 10 months of growth, the Miami market stabilized in March, with prices at $1 million.



Prices in Sarasota, Florida, declined 14.4% in March after several months of growth in 2018, during which it peaked at an increase of 21.2%. Naples-area Collier County also faced a 1.7% year-over-year price decline after steady growth in 2018.



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Meanwhile, several New Jersey markets continue to see growth in prices and sales. In Cape May, prices increased 11.1% year-over-year in March, as did luxury sales, up 33.3% from last March, according to the report.



Prices in New Jersey’s Hudson and Monmouth counties now sit at $1.14 million, an increase from last year for both markets. While million-dollar sales are also up in both counties, Monmouth County’s luxury market has seen a surge, with a 30% increase year-over-year.



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