Luxury Homes Are Taking Longer to Sell and That’s Costing Owners

Luxury homes aren’t selling as fast as they used to. And their owners are paying a price for the slowness.

Last year, 72 percent of the most-expensive properties in the U.S. took longer than 180 days to sell, a sharp jump from 2015, when 59 percent of homes lingered for that long, according to a report Wednesday by Concierge Auctions.