How is the luxury market faring in eastern Connecticut?

Asked by Leigh Brown, Concord, NC Mon May 28, 2007

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Linda Davis, , Waterford, CT
Mon May 28, 2007
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As in many parts of the country, the high end market remains soft with increasing inventory. As an example, there are over 100 listings in the Town of Stonington over $500,000 with 40 of those listed over a cool 1 million. This represents at least a one year supply of inventory.
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Leigh Brown, Agent, Concord, NC
Mon May 28, 2007
Wow. One year still doesn't sound too terrible in that upper tier, condition is going to make all the difference, isn't it? Thanks for sharing!
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