There were 121 closings at $4 million and above in January 2022, 50 less than December. The Average Closing Price was $8,111,567 down -18%, meanwhile, the Median Closing Price was $6,125,797 down a nominal -0.4%. The Negotiability Factor, that is the average discount from the last asking price, was 4.55% down from 6.62% during the previous month. The pace of the market was basically unchanged since the Average Days On the Market were 155 compared to 153 for the properties that closed in December 2021.
Despite the 50 fewer sales, the median price and days on the market are practically unchanged, while the negotiability factor is falling, showing us a sign of a healthy market, even in the luxury sector.
If you want to take a peek at all luxury closings and our statistics you can find the links here below:
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2022