Fairfield luxe homes are sitting on the market 20% longer than in 2017

Douglas Elliman’s report on the first quarter of 2018 finds that the inventory of luxury homes in Fairfield County — those priced at the top 10 percent of all stock on the market — was up almost 6 percent from the same time last year, but those homes were sitting on the market 20 percent longer than they were last year, now taking an average of 234 days to sell. The median sales price for these high-end homes was down nearly seven percent, now at $1.99 million. [Douglas Elliman]