September 6, 2022 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of August 2022.
There were 74 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 August 2021 when there were 96 closings. The median sale price for a single-family home increased to $2,700,000 from the median sales price in August 2021, which was $2,202,500.
The average days on the market (DOM) for residential homes was 62 days; which was a decrease from 84 days in August 2021.
There were 22 condo/co-op residential closings reported during this time period; which was an increase from August 2021 when there were 15 closings.
The median sale price for a condo/co-op increased to $849,500 from the median sales price in August 2021, which was $720,000.
The average days on the market (DOM) for condo/co-op residential homes was 49; which was a decrease from 63 days in August 2021.
Pending sales as of Wednesday, September 15th for Single Family homes were 62 and 15 for Condo/Co-Op sales.
"August 2022 had seventy-four closings with a median sales price of $2,700,000; an increase of twenty-two percent, from the median sales price in August 2021, which was $2,202,500. Greenwich was the sector in town with the most closings, ending August with thirty-nine sales and a median sales price of $3,800,000; a forty-five percent increase from the median sales price in August 2021, which was $2,612,500. Condo/Co-Op sales had twenty-two closings in August 2022 with a median sales price of $849,500. The Dollar Volume for Single Family homes, August 2022 is $253,443,342. The Dollar Volume for Condo/Co-Op homes, August 2022 is $29,538,500”, stated Bryan Tunney, 2022 President of the Greenwich Association of REALTORS®.
Real Estate Report | Bryan Tunney, GAR 2022 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.