Wall Street Journal: Luxury Home Sellers Slash Millions Off Asking Prices

February 23, 2017 | Source: Wall Street Journal

There aren't any 2-for-1 deals or rebates yet, but high-end home sellers across the country are offering discounts as the luxury market softens.

“Buyers are very price sensitive,” says Donna Olshan, a Manhattan-based real-estate agent who publishes a weekly report on the luxury market. “If it’s not priced right it’s going to sit until the cows come home.”