May 16, 2019 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of April 2019.
There were 35 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 2018 when there were 51 closings in April. The median sale price for a single-family home increased to $2,304,000 from $1,795,000 the median sales price in April 2018.
The average days on the market (DOM) for residential homes was 194 days; which was a decrease from 196 days in April 2018.
There were 16 condo/co-op residential closings reported during this time period; which was a decrease from April 2018 when there were 18 closings.
The median sale price for a condo/co-op increased to $738,500 from $730,000 the median sales price in April 2018.
The average days on the market (DOM) for condo/co-op residential homes was 143; which was a decrease from 183 days in April 2018.
“April 2019 had thirty-five closings, with a median sale price of $2,304,000; A twenty-eight percent increase from the median price in April 2018. Greenwich was the sector in town with the most closings, ending April with twenty-three sales. The median price for Greenwich was $2,433,600; A thirty-five percent increase from April 2018. Condo/Co-Op sales had sixteen closings in April 2019 with a median sale price of $738,500. Pending sales as of 8:30am this morning for Single Family homes were sixty-two and nineteen for Condo/Co-Op” stated John McAtee, 2019 President of the Greenwich Association of REALTORS®.