In a frozen luxury housing market, buyers are asking to 'try before you buy' and having sleepovers in multimillion-dollar mansions

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• Luxury homeowners are increasingly struggling to sell at desired prices, prompting a rise in creative tactics like sleepover trials and steep price cuts. New taxes in areas like Los Angeles and Cape Cod make luxury transactions even more costly, forcing sellers to be more mindful and flexible with pricing strategies.

In today’s luxury housing market, it’s become increasingly difficult to sell for what the homeowner might think the home is worth—and even high-profile sellers have been forced to drop prices on their megamansions.