December 20, 2018 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of November 2018.
There were 46 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 was equal to November 2017 when there were 46 closings in November. The median sale price for a single-family home decreased to $1,526,250 from $1,642,785 the median sales price in November 2017.
The average days on the market (DOM) for residential homes was 230 days; which was a decrease from 234 days in November 2017.
There were 14 condo/co-op residential closings reported during this time period; which was a decrease from November 2017 when there were 18 closings.
The median sale price for a condo/co-op decreased to $740,000 from $763,000 the median sales price in November 2017.
The average days on the market (DOM) for condo/co-op residential homes was 85; which was a decrease from 196 days in November 2017.
“November 2018 closed out the month in line with last year sales. There were forty-six single family sales in November 2018 and November 2017. Greenwich remains consistent as the area in town with the most closings, ending November with nineteen sales. Condo/Co-Op sales had fourteen closings. Pending sales as of 8:30am this morning for Single Family homes were thirty-one and thirteen for Condo/Co-Op. November was a consistent month when compared to years passed, and also had the highest number of closings over the past six years. There are thirty-four single family sales needed to match our last year, year-end closings. To date, there have been forty closings in December 2018, which means we have surpassed our last year-ending closings”, stated BK Bates, 2018 President of the Greenwich Association of REALTORS®.
WGCH Radio Real Estate Report – November 2018 Greenwich Sales | BK Bates, GAR 2018 President and 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.