"Softening" is a subjective term. Here are some data you can use to decide for yourself:
1. 39 homes sold in the last 6 months over $2Mil in saratoga
2. The average number of days in the market for these homes is 140 days.
3. Asking price Vs. selling price. On average homes have sold $101,000 less than asking
In order to decide if the Saratoga market is softening, there must be a point of reference. As compare to what.
If we compare the same data with last year, this what we have:
1. Homes sold 31
2. DOM: 119
3. Listing Vs. Selling On average homes have sold $180,000 less than asking
So compare to last year slightly longer market window but better selling price. Now you make the call.