January 8, 2024 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the 2023 Fourth Quarter statistics for home sales in The Town of Greenwich, CT.
There were 110 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 increased compared to Q4 2022 when there were 101 closings. The median sale price for a single-family home decreased to $2,200,000 from the median sales price in Q4 2022, which was $2,375,000.
The average days on the market (DOM) for residential homes was 87 days; which was an increase from 61 days in Q4 2022.
There were 34 condo/co-op residential closings reported during this time period; which was a decrease from Q4 2022 when there were 57 closings.
The median sale price for a condo/co-op increased to $1,030,084 from the median sales price in Q4 2022, which was $785,000.
The average days on the market (DOM) for condo/co-op residential homes was 82; which was an increase from 60 days in Q4 2022.
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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