October 5, 2023 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the 2023 Third Quarter statistics for home sales in The Town of Greenwich, CT.
There were 166 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 Q3 2022 when there were 204 closings. The median sale price for a single-family home increased to $2,502,500 from the median sales price in Q3 2022, which was $2,411,250.
The average days on the market (DOM) for residential homes was 88 days; which was an increase from 60 days in Q3 2022.
There were 44 condo/co-op residential closings reported during this time period; which was a decrease from Q2 2022 when there were 45 closings.
The median sale price for a condo/co-op increased to $904,500 from the median sales price in Q3 2022, which was $849,000.
The average days on the market (DOM) for condo/co-op residential homes was 55; which was an increase from 44 days in Q3 2022.
(Condo/Co-Op Median Sales, All Areas - Green line = Assessed Values, Blue line = Median Sale Price)
The Greenwich Association of REALTORS® (“GAR”) 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.
Wholly owned and operated by GAR, the Greenwich MLS facilitates the most convenient and efficient marketplace for both REALTORS® and consumers by providing instant exposure to the largest possible pool of potential buyers for sellers, and the greatest number of housing options for buyers, which means sellers will receive top dollar for their home, while buyers benefit from transparency in market value.
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