May 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 April 2023.
There were 41 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 April 2022 when there were 62 closings. The median sale price for a single-family home increased to $2,495,000 from the median sales price in April 2022, which was $2,153,500.
The average days on the market (DOM) for residential homes was 74 days; which was a decrease from 110 days in April 2022.
There were 15 condo/co-op residential closings reported during this time period; which was a decrease from April 2022 when there were 19 closings.
The median sale price for a condo/co-op decreased to $825,000 from the median sales price in April 2022, which was $900,000.
The average days on the market (DOM) for condo/co-op residential homes was 27; which was a decrease from 69 days in April 2022.
"April 2023 had forty-one closings with a median sales price of $2,495,000; an increase of fifteen percent, from the median sales price in April 2022, which was $2,153,500. Greenwich was the sector in town with the most closings, ending April with twenty-four sales and a median sales price of $3,550,000. Condo/Co-Op sales had fifteen closings in April 2023 with a median sales price of $825,000.The Dollar Volume for Single Family homes, April 2023 is $127,855,500. The Dollar Volume for Condo/Co-Op homes, April 2023 is $16,159,000”, stated Bryan Tunney, 2023 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.