Business & Tech
Report: Darien's Luxury Housing Market Rebounding
Inventory decreased and average prices increased over the last quarter, according to RE/MAX.
Darien’s luxury housing market is on the mend, according to a report from RE/MAX of New England tracking home sales of over $1 million.
Inventory decreased and average prices increased in both Darien and Westport over the last quarter, indicating that the high-end luxury market is at least stabilizing — if not starting to recover — in both towns. What's more, the average number of days a house is on the market dropped.
Greenwich and New Canaan, meanwhile, saw a decrease in both inventory and prices, making them fertile ground for buyers.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
"It's a positive sign to see most of New England's top 15 luxury towns slowly recovering with the rest of the New England market," Jay Hummer, executive vice president of RE/MAX of New England, said in the report. "While we expect to see bumps along the way, especially as we move into the winter season, we are hopeful that this important housing segment will continue to experience positive signs of recovery."
