July 20, 2021 5:53 pm Greenwich Real Estate Market Report – June 2021 Sales
There were 134 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 June 2020 when there were 77 closings.
The median sale price for a single-family home decreased to $2,400,000 from the median sales price in June 2020, which was $2,975,000, a 24 % decrease.
The average days on the market (DOM) for residential homes was 116 days; which was a decrease from 327 days in June 2020.
There were 30 condo/co-op residential closings reported during this time period; which was an increase from June 2020 when there were 16 closings. The median sale price for a condo/co-op increased to $780,000 from the median sales price in June 2020, which was $698,750. The average days on the market (DOM) for condo/co-op residential homes was 86; which was a decrease from 118 days in June 2020.
“June 2021 had one hundred thirty-five residential closings; a seventy-five percent increase from June 2020 when there were seventy-seven closings. Greenwich was the sector in town with the most closings, ending June with seventy-eight sales; an eighty-five percent increase from June 2020 when there were forty-two closings. Condo/Co-Op sales had thirty closings in June 2021; an eighty-seven percent increase from June 2020 when there were sixteen closings.
The Dollar Volume for Single Family homes, June 2021 is $383,023,530. There were sixty-four Single Family Price Reductions for June 2021 with a median price change of $128,000. The Dollar Volume for Condo/Co-Op homes, May 2021 is $28,890,000,” 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, renting or investing in the area please contact Remy of Douglas Elliman.
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Greenwich, CT 06830
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