As we all know, real estate is ruled by supply and demand. When there is an imbalance, prices rise or fall. For seven and eight figure buyers in New York City, builders and developers have created more supply than what the current demand is. Sellers are taking a variety of approaches because of this situation.
Meanwhile closer to home, there is still a sellers market for six figure homes in Central Indiana. Some buyers are heading to new home builders in Central Indiana to find what there are looking for. If you are looking for a six figure home in Central Indiana, we can help.
Here is an interesting article from the NY Times about the over supply in the ultra luxury market. This link goes directly to the NY Times website.)