LA luxe resi contracts tally $120M as absorption lags

More inventory is piling into Los Angeles County’s luxury market as dealmaking struggles to keep pace. Douglas Elliman’s Eklund Gomes team reported 100 new single-family listings added to the market last week as some industry watchers wait to see whether the trend shakes out to a full-blown buyer’s market. The seven-day period ended Feb. 23 […]This article originally appeared on The Real Deal. Click here to read the full story.