April 3, 2023 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the 2023 First Quarter statistics for home sales in The Town of Greenwich, CT.
There were 84 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 Q1 2022 when there were 142 closings. The median sale price for a single-family home decreased to $2,517,750 from the median sales price in Q1 2022, which was $2,525,000.
The average days on the market (DOM) for residential homes was 104 days; which was a decrease from 137 days in Q1 2022.
There were 54 condo/co-op residential closings reported during this time period; which was an increase from Q1 2022 when there were 49 closings.
The median sale price for a condo/co-op increased to $817,500 from the median sales price in Q1 2022, which was $716,000.
The average days on the market (DOM) for condo/co-op residential homes was 81; which was a decrease from 119 days in Q1 2022.
(Condo/Co-Op Median Sales, All Areas - Green line = Assessed Values, Blue line = Median Sale Price)
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.