I try to investigate different ways to analyze the market data so readers can grab something pertinent that might help them make a better decision about their real estate needs.
Here’s today’s attempt!
July isn’t done yet but you can see the trend: The high-end isn’t cooking like it was.
Datapoints:
- More sales on the lower-end causes the median sales price to drop.
- The lower Median Days On Market is a result of fewer high-end sales.
- Only 10 sales over $4,000,000 means we’ll probably have around 15 total.
The higher-end homes are notorious for being priced aspirationally, and the data suggests that buyers aren’t going for it like they were previously.
The low end is hot, and the high end is, well, not so much!
