May 15, 2023 4:18 pm Greenwich Real Estate Market Report – April 2023 Sales
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, a 15 % increase.
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.
If you have any questions about the market or are considering buying, selling, renting or investing in the area, please feel free to contact Remy of Douglas Elliman.
203 – 219 – 8233
75 Arch Street
Greenwich, CT 06830
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