Luxury properties sold in the second quarter showed an 11 percent price drop the journal noted citing douglas elliman.
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New listings were also down by 21 percent while new listings priced at 4 million and over fell by about 35 percent according to the elliman data.
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Developers are building condos aimed at the wealthiest buyers but buyers are looking for a wider range of prices.
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Boston s luxury condo market is facing a mismatch between supply and demand.
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