April 5, 2023 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of March 2023.
There were 39 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 2022 when there were 53 closings. The median sale price for a single-family home increased to $2,500,500 from the median sales price in March 2022, which was $2,250,000.
The average days on the market (DOM) for residential homes was 93 days; which was a decrease from 152 days in March 2022.
There were 25 condo/co-op residential closings reported during this time period; which was an increase from March 2022 when there were 24 closings.
The median sale price for a condo/co-op increased to $900,000 from the median sales price in March 2022, which was $772,000.
The average days on the market (DOM) for condo/co-op residential homes was 75; which was a decrease from 94 days in March 2022.
"March 2023 had thirty-nine closings with a median sales price of $2,250,000; an increase of eleven percent, from the median sales price in March 2022, which was $2,250,000. Greenwich was the sector in town with the most closings, ending March with nineteen sales and a median sales price of $4,436,250; an increase of fifty-four percent, from the median sales price in March 2022, which was $2,870,000. Condo/Co-Op sales had twenty-five closings in March 2023 with a median sales price of $900,000; an increase of sixteen percent, from the median sales price in March 2022, which was $772,000.The Dollar Volume for Single Family homes, March 2023 is $123,233,510. The Dollar Volume for Condo/Co-Op homes, March 2023 is $28,071,000”, stated Bryan Tunney, 2023 President of the Greenwich Association of REALTORS®.
Real Estate Report March 2023 | Bryan Tunney 2023, GAR President & Stacey Loh, GAR EVP
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.