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Market Analysis

Spring is in the air, and so, apparently, are spring-like sales numbers. According to numbers compiled by brokerage firm Olshan Realty, the number of signed contracts on luxury properties last week was the highest it's been since the collapse of Lehman. Does this mean the high-end market has roared back? Not necessarily. This could be a temporary uptick after the snow delayed earlier contract signings or a result of Wall Street bonuses paid at the beginning of the year. [WSJ]