The luxury market in New England’s 15 most desirable towns has experienced more difficulty in the last quarter than the overall housing market, as a direct result of luxury-level pricing, longer days on the market, and a dip in overall inventory. Certain high-end markets like Fairfield County, CT continue to be burdened with a decrease in sales. Greenwich, CT experienced the largest decrease in units sold, -77.3% while others such as Newton and Brookline, MA posed the smallest decreases, -3.3% and -5.6% respectively. “Markets such as Newton and Brookline have remained somewhat stable, largely due to the international buyer drawn to their proximity to academia and access to Boston,” said RE/MAX of New England Executive Vice President Jay Hummer.

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