This 97k mile 02 SMG Coupe with a clean carfax just sold for only $16250 on Bring a Trailer. Market could be cooling off.
https://bringatrailer.com/listing/2002-bmw-m3-226/
In fact, the same car sold for $17k on BAT back in July of 2020 with 95k miles.
https://bringatrailer.com/listing/2002-bmw-m3-142/