Deep Dip Days On Market

Sold Price

2 8b

Text

Strangely, when sold prices hit $1 million range their Median Days On Market went back down to 8 - which is below the overall median. Yet, the median days on market for sold prices in the $2 million range soared. I can only guess why properties in the $2 million range take almost twice as long to sell as properties in the $1 million range.

The last group represents all properties that sold for more than $2 M . The highest sale was $24 M . The median Days On Market for this group was almost triple the lower-priced groups. I think this is due to the limited number of buyers able to afford these prices.