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Let's track the progress of the high-end.  The Jim ratio compares the number of active listings to the number of pending listings.  We'll track that, and the number of sales to see the trend.  I'll live with a ratio that's higher than normal, and longer market time of the higher-end homes, but I think a range between 4.0 and 6.0 would be a 'healthy market' range.  

Listings at or above $1,000,000:

                                                                                        Jim ratio

Jan 1              196 Actives/21 Pendings                8.35

Jan 4             207 Actives/22 Pendings               9.33

Jan 10          214 Actives/18 Pendings               11.89

Jan 18          214 Actives/26 Pendings                 8.23

Jan 26         226 Actives/24 Pendings                 9.41

Feb 6           224 Actives/32 Pendings                 7.00

Feb 14        216 Actives/38 Pendings                  5.68

Feb 20        216 Actives/44 Pendings                 4.91

Feb 26        227 Actives/47 Pendings                 4.83

Mar 7         219 Actives/46 Pendings                  4.76

Mar 21       221 Actives/44 Pendings                 5.02

Mar 27      224 Actives/39 Pendings                 5.74

Apr 2         232 Actives/38 Pendings                  6.10

Apr 14      237 Actives/39 Pendings                  6.08

Apr 20     240 Actives/43 Pendings                 5.58

Apr 27     243 Actives/39 Pendings                  6.23

May 3      240 Actives/41 Pendings                  5.85

May 12   249 Actives/44 Pendings                  5.66

May 21   249 Actives/40 Pendings                  6.23

May 31   251 Actives/49 Pendings                   5.12

June 11   261 Actives/40 Pendings                  6.53

June 22   273 Actives/35 Pendings                  7.80

June 30   275 Actives/36 Pendings                 7.64

July 11    274 Actives/35 Pendings                  7.83

July 22   267 Actives/33 Pendings                   8.09

July 29   262 Actives/34 Pendings                  7.71

Aug 3      262 Actives/27 Pendings                  9.70

Aug 17    274 Actives/30 Pendings                 9.13

Aug 25   270 Actives/31 Pendings                  8.71

Sep 2      280 Actives/30 Pendings                 9.33

Sep 11    279 Actives/23 Pendings                12.13

Sep 25    294 Actives/20 Pendings              14.70

Oct 5      284 Actives/21 Pendings               13.38

Oct 11    288 Actives/25 Pendings               11.52

Oct 25   270 Actives/32 Pendings                8.44

Nov 7    294 Actives/30 Pendings               9.80

Nov 20 265 Actives/19 Pendings               13.95

Dec 6     256 Actives/17 Pendings              15.06

Dec 29  244 Actives/19 Pendings              12.84

Year-to-date closings:

2007 - 232   average $370/sf.   average sf = 3,698

2006 - 230   average $382/sf.   average sf = 3,672

(through Dec 29, 2007)