The above chart uses properties that have gone under contract for the month to get a real time picture of the activity of million dollar sales.

All 3 counties show a decrease of sales in the million dollar or better range, Seems we are in for a roller coaster ride in the luxury home market! In fact since November ’08 each month that posted an increase of sales seems to be followed by a month of decreased sales, some would say this appears to show a soft bottom in the luxury home market.