January 10, 2023 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the 2022 Fourth Quarter statistics for home sales in The Town of Greenwich, CT.
There were 101 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 Q4 2021 when there were 172 closings. The median sale price for a single-family home increased to $2,375,000 from the median sales price in Q4 2021, which was $2,231,250.
The average days on the market (DOM) for residential homes was 61 days; which was a decrease from 113 days in Q4 2021.
There were 57 condo/co-op residential closings reported during this time period; which was a decrease from Q4 2021 when there were 55 closings.
The median sale price for a condo/co-op decreased to $785,000 from the median sales price in Q4 2021, which was $850,000.
The average days on the market (DOM) for condo/co-op residential homes was 60; which was a decrease from 119 days in Q4 2021.
(Condo/Co-Op Median Sales, All Area’s - Green line = Assessed Values, Blue line = Median Sale Price)
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.