In West Palm Beach, a recent report from Redfin revealed that the average luxury home sold for $4.5 million, which is 8.9 times higher than the average price of non-luxury homes sold in the area over the past three months ending in May. This represents the largest luxury home price premium among the 49 most populous U.S. housing markets. Following closely behind is Miami, where luxury homes sold for 8.8 times more than non-luxury homes. The data underscores the significant disparities in real estate prices between luxury and non-luxury properties in these South Florida metros.