Contracts vs. Active Listings - Homes Priced $1,000,000 and Higher
For homes priced at more than $1,000,000, the market never saw the huge imbalance we saw in the lower prices ranges in early 2005. But those were great times for million dollar home sellers nonetheless.
But, by mid-2006, the gap between supply and demand was big - and it has stayed big.
There is no doubt that it is a buyers' market in the upper brackets.