February 26, 2022 9:52 am Greenwich Real Estate Market Report – January 2022 Sales
February 7, 2022 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of January 2022.
There were 50 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 January 2021 when there were 66 closings. The median sale price for a single-family home increased to $2,500,000 from the median sales price in January 2021, which was $2,050,000, a 22 % increase.
The average days on the market (DOM) for residential homes was 98 days; which was a decrease from 169 days in January 2021.
There were 13 condo/co-op residential closings reported during this time period; which is a decrease from January 2021 when there were 28 closings.
The median sale price for a condo/co-op increased to $725,000 from the median sales price in January 2021, which was $697,500.
The average days on the market (DOM) for condo/co-op residential homes was 79; which was a decrease from 148 days in January 2021.
“January 2022 had fifty closings with a median sales price of $2,500,000; a twenty-one percent increase from the median sale price in January 2021 of $2,050,000. Greenwich was the sector in town with the most closings, ending January with thirty-three sales and a median sales price of $2,975,000; a twenty percent increase from the median sales prices in January 2021, which was $2,475,000. Condo/Co-Op sales had thirteen closings in January 2022 with a median sales price of $725,000; a three percent increase from the median sales price in January 2021, which was $697,500. The Dollar Volume for Single Family homes, January 2022 is $150,426,625. There were fifteen Single Family Price Reductions for January 2022 with a median price change of $145,000. The Dollar Volume for Condo/Co-Op homes, January 2022 is $15,309,274,” 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.
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Greenwich, CT 06830
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