April 18, 2019 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of March 2019.
There were 27 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 March 2018 when there were 36 closings in March. The median sale price for a single-family home decreased to $1,500,000 from $2,081,250 the median sales price in March 2018.
The average days on the market (DOM) for residential homes was 255 days; which was an increase from 206 days in March 2018.
There were 15 condo/co-op residential closings reported during this time period; which was an increase from March 2018 when there were 11 closings.
The median sale price for a condo/co-op decreased to $569,000 from $655,000 the median sales price in March 2018.
“March 2019 had twenty-seven closings, with a median sale price of $1,500,000. Greenwich was the sector in town with the most closings, ending March with seventeen sales. Condo/Co-Op sales had fifteen closings in March 2019; A thirty-six percent increase from March 2018. The median sale price for Condo/Co-Op’s was $569,000. Pending sales as of 8:30am this morning for Single Family homes were forty-four and nineteen for Condo/Co-Op” stated John McAtee, 2019 President of the Greenwich Association of REALTORS®.
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.
Real Estate Report – WGCH Radio Show with Tony Savino | Stacey Loh, GAR EVP & John McAtee, GAR 2019 President