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Housing Shortage

Real Estate
Sharp Decline Seen In Fairfield County Luxury Housing Market Sharp Decline Seen In Fairfield County Luxury Housing Market
Sharp Decline Seen In Fairfield County Luxury Housing Market A lack of supply caused the 2022 luxury housing market to sharply decline in Fairfield County compared to 2021, according to a new report.  The decline in sales, which were down by double digits, was fueled by a high demand for a low amount of available residences, according to a report released by the Houlihan Lawrence real estate brokerage on Thursday, Jan. 5.  "At first glance, the logical conclusion is a slowdown in the luxury market. However, the data suggest strong buyer demand in a sharply supply-constrained market," said Houlihan Lawrence Vice President Anthony Cutugno. H…

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by Ben Crnic