June 18, 2020 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of May 2020.
There were 54 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 May 2019 when there were 57 closings. The median sale price for a single-family home increased to $1,910,000 from median sales price in May 2019, which was $1,900,000.
The average days on the market (DOM) for residential homes was 266 days; which was an increase from 139 days in May 2019.
There were 11 condo/co-op residential closings reported during this time period; which was a decrease from May 2019 when there were 12 closings.
The median sale price for a condo/co-op decreased to $515,000 from the median sales price in May 2019, which was $667,500.
The average days on the market (DOM) for condo/co-op residential homes was 227; which was an increase from 168 days in May 2019.
Pending sales as of 4:45pm Wednesday, June 17th for Single Family homes were 78 and 19 for Condo/Co-Op.
"May 2020 had fifty-four single family residential closings and a median sale price of $1,910,000. Greenwich was the sector in town with the most closings, ending May with thirty-two sales, with a median sale price of $2,075,000. Condo/Co-Op sales had eleven closings in May 2020, with a median sale price of $515,000" 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.