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Million Dollar Homes Across America: Then and Now

Home listed in 2009
Price: $1.1 million
Interior: 1,000 sq ft
2 Bedrooms, 2 Bathrooms

The average time a property will be on the market before a sale is now 180 days—double that of 2007. One area realtor says activity has "picked up after coming to a screeching halt," thanks to first-time buyers. New construction, however, is still weak.

Area Median Home Prices*
2009 Q2: $379,800
2007: $469,700
Change: -19.2%

*Includes NY, Northern NJ and Long Island