The year in luxury: Pads take 433 days to sell

Price cuts and protracted marketing times defined this year’s luxury market, according to Olshan Realty’s year-end market report, which found that properties asking $4 million or more took 433 days to sell. That compares to just 318 days in 2016. And this year’s deals also came with an average discount of 8 percent.

 

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