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There's tons of demand in a lot of hot areas (such as bay area and NY) in the "low end" range of $1m (I know right). Just look at redfin in these areas. Anything reasonably nice under $1m is a hot home.

There's too many things working against the high end: higher property taxes, lower tax incentives (SALT reduction), and higher interest rates.

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What do you get for $1M in NYC? 1 bedroom, 2 bedroom? With a commute how long to Manhattan?

I think you can get a 1 Bedroom in Manhattan for less than a million - maybe $800k or so. But it will be further away from the subway. So in a neighborhood like Yorkville.

As always, it's all location, location, location, so it depends.

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