What's happening in the high end market? Not much

just waiting for the right buyer to appear

There are currently 46 active listings for homes asking $7.5 million and above: 36 of them are priced above $9.888 million. That number is significant because so far this year, 25 houses priced above $7.5 million have sold, and the highest price achieved was $9.888.

Here’s the current inventory:

By comparison, 35 houses over $7.5 million sold in 2020, with 15 selling above $10 million ($21.750 was highest sale), and in 2021 there were 49 sales above $7.5 million ($50 million top sale) and, again, 15 sold for above $10 million.

So have the BSD’s retired from the scene? So far, it looks that way. We’ll see how this continues to work itself out, as the stock market falls and the handsome profits made possible by free money disappear.