April 30, 2021 5:07 pm Greenwich Real Estate Market Report – March 2021 Sales
There were 71 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 March 2020 when there were 35 closings, a 103 % increase.
The median sale price for a single-family home increased to $2,215,000 from the median sales price in March 2020, which was $1,300,000, a 70 % increase.
The average days on the market (DOM) for residential homes was 173 days; which was a decrease from 227 days in March 2020.
There were 24 condo/co-op residential closings reported during this time period; which was an increase from March 2020 when there were 15 closings.The median sale price for a condo/co-op increased to $742,500 from the median sales price in March 2020, which was $550,000. The average days on the market (DOM) for condo/co-op residential homes was 127; which was a decrease from 128 days in March 2020.
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.
88 Field Point Road
Greenwich, CT 06830
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