March 6, 2023 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of February 2023.
There were 15 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 February 2022 when there were 39 closings. The median sale price for a single-family home decreased to $2,376,000 from the median sales price in February 2022, which was $2,700,000.
The average days on the market (DOM) for residential homes was 144 days; which was a decrease from 166 days in February 2022.
There were 17 condo/co-op residential closings reported during this time period; which was an increase from February 2022 when there were 12 closings.
The median sale price for a condo/co-op increased to $700,000 from the median sales price in February 2022, which was $695,500.
The average days on the market (DOM) for condo/co-op residential homes was 68; which was a decrease from 56 days in February 2022.
"February 2023 had fifteen closings with a median sales price of $2,376,000. Greenwich was the sector in town with the most closings, ending February with seven sales and a median sales price of $4,450,000; an increase of forty-three percent, from the median sales price in February 2022, which was $3,111,250. Condo/Co-Op sales had seventeen closings in February 2023 with a median sales price of $700,000. The Dollar Volume for Single Family homes, February 2023 is $48,035,000. The Dollar Volume for Condo/Co-Op homes, February 2023 is $12,170,000”, stated Bryan Tunney, 2023 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.