Closings leapt back from the lull of last week to $12.3 million, with large deals across the board -- the average sale price was just under $2.5 million. The average price per square foot was also quite healthy at $361 for homes built on average in 1999.

It's also worth noting that even at these large dollar amounts, the closing prices weren't far off from asking prices. That indicates that even for multi-million dollar properties there is a more balanced market between buyers and sellers than a year ago. For example a home listed at $5.75 million sold for $5.43 million this week, a discount of 5.5% -- a respectable concession, but clearly the sellers held their ground and buyers paid up compared to what might have happened a year ago.