August 25, 2021 2:50 pm Greenwich Real Estate Market Report – July 2021 Sales
There were 143 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 increased compared to July 2020 when there were 85 closings, a 68 % increase.
The median sale price for a single-family home increased to $2,475,000 from the median sales price in July 2020, which was $1,975,000, a 25 % increase.
The average days on the market (DOM) for residential homes was 79 days; which was a decrease from 164 days in July 2020.
There were 29 condo/co-op residential closings reported during this time period; which was an increase from July 2020 when there were 17 closings.
The median sale price for a condo/co-op increased to $795,000 from the median sales price in July 2020, which was $735,000.
The average days on the market (DOM) for condo/co-op residential homes was 101; which was a decrease from 195 days in July 2020.
The Dollar Volume for Single Family homes, July 2021 is $449,884,144. There were fifty-three Single Family Price Reductions for July 2021 with a median price change of $125,000. The Dollar Volume for Condo/Co-Op homes, July 2021 is $33,633,000,” stated John McAtee, 2021 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, or renting in the area feel free to contact Remy of Douglas Elliman.
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Greenwich, CT 06830
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