July 2, 2024 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of June 2024 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 64 single-family residential closings reported across all areas of Greenwich during the month of June 2024. This figure decreased compared to June 2023 when there were 77 closings.
The Median Sale Price for a single-family home increased 0.39% to $2,560,000 from the median sales price in June 2023, which was $2,550,000.
The average Days On Market (DOM) for residential homes was 44 days; which was a 50% decrease from 88 days in June 2023.
There were 66 new single-family listings brought to the market in June 2024, which is a 13.79% increase in New Listings when compared to June 2023 when there were 58. At month-end, Active single-family inventory totaled 187 units, which is a 4.5% increase from June 2023 when there were 179 units available.
Condominium and Co-op Sales
There were 18 condo/co-op residential closings reported across all areas of Greenwich during the month of June 2024. This figure remained the same as compared to June 2023 when there were 18 closings.
The Median Sale Price for a condo/co-op increased 2.55% to $1,102,440 from the median sales price in June 2023, which was $1,075,000.
The average Days On Market (DOM) for condo/co-op residential homes was 42, which was a 2.44% increase from 41 days in June 2023.
There were 15 new condo/co-op units brought to the market in June 2024, which is a decrease of new listings compared to June 2023 when there were 21. At month-end, Active condo/co-op inventory totaled 37 units, which is a 35.1% decrease from June 2024 when there were 57 units available.
"In June, the Median Sales Price for both Single Family homes, as well as Condo/Co-op’s have seen an increase. The Median Sales Price for Single Family homes in June was $2,560,000, a 0.39% increase compared to June 2023, which was $2,560,000. The Median Sales Price for Condo/Co-op’s in June was $1,102,440, a 2.55% increase compared to June 2023, which was $1,075,000" stated Bryan Tunney, 2024 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.
Looking to purchase, sell or lease a home in the Greenwich, CT area? Find a REALTOR® who can help.
Media Inquiries: Stacey Loh, EVP/CEO
Greenwich Association of REALTORS®/Greenwich Multiple Listing Service, Inc.
40 East Elm Street, Greenwich, CT 06830