March 13, 2022 8:53 am Greenwich Real Estate Market Report – February 2022 Sales
March 8, 2022 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of February 2022.
There were 38 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 February 2021 when there were 63 closings.
The median sale price for a single-family home increased to $2,612,500 from the median sales price in February 2021, which was $2,350,000, an 11 % increase.
The average days on the market (DOM) for residential homes was 166 days; which was a decrease from 168 days in February 2021.
There were 12 condo/co-op residential closings reported during this time period; which is a decrease from February 2021 when there were 15 closings.
The median sale price for a condo/co-op decreased to $695,500 from the median sales price in February 2021, which was $730,000.
The average days on the market (DOM) for condo/co-op residential homes was 56; which was a decrease from 262 days in February 2021.
“February 2022 had thirty-eight closings with a median sales price of $2,612,500; an eleven percent increase from the median sale price in February 2021 which was $2,350,000. Greenwich was the sector in town with the most closings, ending February with twenty-four sales and a median sales price of $3,111,250; a sixteen percent increase from the median sales prices in February 2021, which was $2,672,500. Condo/Co-Op sales had twelve closings in February 2022 with a median sales price of $695,500. The Dollar Volume for Single Family homes, February 2022 is $116,113,000. The Dollar Volume for Condo/Co-Op homes, February 2022 is $14,712,000,” stated Bryan Tunney, 2022 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 contact Remy of Douglas Elliman.
203 – 219 – 8233
75 Arch Street
Greenwich, CT 06830
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