April 18, 2019 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of March 2019.
There were 27 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 March 2018 when there were 36 closings in March. The median sale price for a single-family home decreased to $1,500,000 from $2,081,250 the median sales price in March 2018.
The average days on the market (DOM) for residential homes was 255 days; which was an increase from 206 days in March 2018.
There were 15 condo/co-op residential closings reported during this time period; which was an increase from March 2018 when there were 11 closings.
The median sale price for a condo/co-op decreased to $569,000 from $655,000 the median sales price in March 2018.
The average days on the market (DOM) for condo/co-op residential homes was 163; which was a decrease from 322 days in March 2018.
“March 2019 had twenty-seven closings, with a median sale price of $1,500,000. Greenwich was the sector in town with the most closings, ending March with seventeen sales. Condo/Co-Op sales had fifteen closings in March 2019; A thirty-six percent increase from March 2018. The median sale price for Condo/Co-Op’s was $569,000. Pending sales as of 8:30am this morning for Single Family homes were forty-four and nineteen for Condo/Co-Op” stated John McAtee, 2019 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.
Real Estate Report
WGCH Radio Show with Tony Savino | Stacey Loh, GAR EVP & John McAtee, GAR 2019 President