January 5, 2022 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of December 2022.
There were 34 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 December 2021 when there were 77 closings. The median sale price for a single-family home decreased to $2,072,500 from the median sales price in December 2021, which was $2,085,000.
The average days on the market (DOM) for residential homes was 82 days; which was a decrease from 120 days in December 2021.
There were 21 condo/co-op residential closings reported during this time period; which was an increase from December 2021 when there were 18 closings.
The median sale price for a condo/co-op decreased to $605,000 from the median sales price in December 2021, which was $745,000.
The average days on the market (DOM) for condo/co-op residential homes was 53; which was a decrease from 131 days in December 2021.
Pending sales as of Wednesday, January 18th for Single Family homes were 35 and 9 for Condo/Co-Op sales.
"December 2022 had thirty-four closings with a median sales price of $2,072,500. Greenwich was the sector in town with the most closings, ending December with seventeen sales and a median sales price of $2,540,000; an increase of fourteen percent, from the median sales price in December 2021, which was $2,222,500. Condo/Co-Op sales had twenty-one closings in December 2022 with a median sales price of $605,000. The Dollar Volume for Single Family homes, December 2022 is $90,061,370. The Dollar Volume for Condo/Co-Op homes, December 2022 is $21,060,399”, stated Bryan Tunney, 2022 President of the Greenwich Association of REALTORS®.
Real Estate Report | Stacey Loh, GAR EVP & William Andruss, GAR BOD Secretary
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.