May 21, 2020 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of April 2020.
There were 34 single-family residential closings reported during this period according to figures provided by The Greenwich Multiple Listing Service, Inc., the multiple listing service used by REALTORS® in the Greenwich area.
The number of single-family residential closings decreased compared to April 2019 when there were 35 closings. The median sale price for a single-family home decreased to $1,733,500 from median sales price in April 2019, which was $2,304,000.
The average days on the market (DOM) for residential homes was 300 days; which was an increase from 194 days in April 2019.
There were 11 condo/co-op residential closings reported during this time period; which was a decrease from April 2019 when there were 17 closings.
The median sale price for a condo/co-op increased to $940,000 from the median sales price in April 2019, which was $712,000.
The average days on the market (DOM) for condo/co-op residential homes was 162; which was an increase from 143 days in April 2019.
Pending sales as of 4:45pm Wednesday, May 20th for Single Family homes were 45 and 18 for Condo/Co-Op.
"April 2020 had thirty-four single family residential closings and a median sale price of $1,733,500. Greenwich was the sector in town with the most closings, ending April with sixteen sales, with a median sale price of $2,155,000. Condo/Co-Op sales had eleven closings in April 2020, with a median sale price of $940,000; A 32% increase from the median sale price in April 2019, which was $712,000" stated John McAtee, 2020 President of the Greenwich Association of REALTORS®.
John McAtee, GAR 2020 President & Stacey Loh, GAR EVP
The Greenwich Association of REALTORS® is the professional board of choice for the real estate industry in Greenwich. Established in 1924, the association provides professional development and services for REALTORS® and represents the concerns and interests of private property and home ownership rights. The association has over 850 members and is headquartered in Greenwich, CT.