real estate

Nassau County Real Estate Hits New High

Jul 17, 2017
Charles Krupa / AP

Prices in the Nassau County housing market have reached a new peak.

Michael Dwyer / AP

General Electric CEO Jeffrey Immelt has put his four-acre New Canaan mansion on the market for $5.5 million. He’s lived there since 2001. Immelt is moving to Boston along with 200 top GE executives when the company relocates this year.

The housing market is trying to regain its footing, yet sales have slipped in much of the country. One exception is in Connecticut, where sales – especially of expensive homes – are doing well. We look at one history-making sale in Greenwich, Connecticut that's setting the tone for springtime homesellers.