True, and $1 Million homes (Single Family or Condo) attract a very specific type of buyer in Buffalo. $1 Million Condo's in say Hilton Head gets you about 2 blocks from the beach.
My wife and I are realtors. We put bids in on houses $60K over asking. There are over 70 bids on the same house and the $60K over asking bid falls in the middle of the pack. Seller? This market is perfect! Buyer? Keep putting the bids in. One is bound to be accepted.