December 10, 2021 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of November 2021.
There were 52 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 November 2020 when there were 92 closings. The median sale price for a single-family home increased to $2,340,000 from the median sales price in November 2020, which was $1,928,500.
The average days on the market (DOM) for residential homes was 88 days; which was a decrease from 200 days in November 2020.
There were 17 condo/co-op residential closings reported during this time period; which is consistent from November 2020 when there were 17 closings.
The median sale price for a condo/co-op increased to $1,235,000 from the median sales price in November 2020, which was $640,000.
The average days on the market (DOM) for condo/co-op residential homes was 113; which was a decrease from 171 days in November 2020.
Pending sales as of Wednesday, December 15th for Single Family homes were 66 and 14 for Condo/Co-Op sales.
"November 2021 had fifty-two closings with a median sales price of $2,340,000. Greenwich was the sector in town with the most closings, ending September with twenty-three sales and a median sales price of $2,345,000. Condo/Co-Op sales had seventeen closings in November 2021 with a median sales price of $1,235,000; a ninety-two percent increase from the median sales price in November 2020, which was $640,000. The Dollar Volume for Single Family homes, November 2021 is $149,692,707. There were fourteen Single Family Price Reductions for November 2021 with a median price change of $200,000. The Dollar Volume for Condo/Co-Op homes, October 2021 is $22,194,000” stated John McAtee, 2021 President of the Greenwich Association of REALTORS®.
Real Estate Radio Report | Stacey Loh, GAR EVP & John McAtee, GAR 2021 President
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.