The housing market in the 2000s has fallen into two levels , with lower - priced properties selling quickly as prices of expensive housing increases . For example , a two - bedroom house in Los Angeles priced at $ 585,000 received ten offers in its first week on the market , while a four - bedroom house a few miles away listed at $ 3 m eventually sold for $ 5 m after sitting on the market for a month with no buyers .
The housing market in the US has split into two levels, with lower-priced properties selling quickly as inventory of expensive property increases. For example, a two-bedroom house in Los Angeles priced at $585,000 received ten offers in its first week on the market, while a four-bedroom house a few miles away listed at $3m eventually sold for $2.75m after sitting on the market for a month with no offers.