December 5, 2023 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of November 2023 according to figures provided by the Greenwich Multiple Listing Service, Inc. The Greenwich MLS and greenwich.realestate is the most accurate and comprehensive resource of active inventory and property listing data across all five zip codes of the Town of Greenwich.
Single-Family Home Sales
There were 40 single-family residential closings reported across all areas of Greenwich during the month of November 2023. This figure increased 8.11% as compared to November 2022 when there were 37 closings.
The Median Sale Price for a single-family home decreased 18% to $1,995,000 from the median sales price in November 2022, which was $2,450,000.
The average Days On Market (DOM) for residential homes was 81 days; which was a 26% increase from 64 days in November 2022.
There were 27 new single-family listings brought to the market in November 2023, which is a 8% increase in New Listings when compared to November 2022 when there were 25. At month-end, Active single-family inventory totaled 129 units, which is a 41.1% decrease from November 2022 when there were 220 units available.
Condominium and Co-op Sales
There were 15 condo/co-op residential closings reported across all areas of Greenwich during the month of November 2023. This figure decreased 21% as compared to November 2022 when there were 21 closings.
The Median Sale Price for a condo/co-op increased 16.8% to $1,050,000 from the median sales price in November 2022, which was $899,000.
The average Days On Market (DOM) for condo/co-op residential homes was 53, which was just over a 5% decrease from 56 days in November 2022.
There were 15 new condo/co-op units brought to the market in November 2023, which is a 28% decrease in new listings when compared to November 2022 when there were 21 units added. At month-end, Active condo/co-op inventory totaled 36 units, which is a 37.9% decrease from November 2022 when there were 58 units available.
"In terms of sales, single family homes in the Town of Greenwich saw a 9% increase throughout November 2023, ending the month at 24 closings, as compared to both the month and year prior with 22 closings. Condo/Co-op median sales saw an increase of 16%, finishing the month at $1,050,000, as compared to both the month and year prior with a median sales price of $899,000” stated Bryan Tunney, 2023 President of the Greenwich Association of REALTORS®
The Greenwich Association of REALTORS® (“GAR”) 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.
Wholly owned and operated by GAR, the Greenwich MLS facilitates the most convenient and efficient marketplace for both REALTORS® and consumers by providing instant exposure to the largest possible pool of potential buyers for sellers, and the greatest number of housing options for buyers, which means sellers will receive top dollar for their home, while buyers benefit from transparency in market value.
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Media Inquiries: Stacey Loh, EVP/CEO
Greenwich Association of REALTORS®/Greenwich Multiple Listing Service, Inc.
40 East Elm Street, Greenwich, CT 06830