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 $$2.75m 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 585,000 after sitting on the market for a month with no offers.
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.