April 8, 2022 6:59 pm Greenwich Real Estate Market Report – March 2022 Sales
April 5, 2022 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of March 2022.
There were 53 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 March 2021 when there were 71 closings. The median sale price for a single-family home increased to $2,250,000 from the median sales price in March 2021, which was $2,215,000, a 2 % increase.
The average days on the market (DOM) for residential homes was 152 days; which was a decrease from 173 days in March 2021.
There were 24 condo/co-op residential closings reported during this time period; which is the same from March 2021 when there were 24 closings.
The median sale price for a condo/co-op increased to $772,000 from the median sales price in March 2021, which was $742,500.
The average days on the market (DOM) for condo/co-op residential homes was 94; which was a decrease from 127 days in March 2021.
“March 2022 had fifty-three closings with a median sales price of $2,250,000. Greenwich was the sector in town with the most closings, ending March with thirty-eight sales and a median sales price of $2,870,000; a twenty-four percent increase from the median sales price in March 2021, which was $2,300,000. Condo/Co-Op sales had twenty-four closings in March 2022 with a median sales price of $772,000; a three percent increase from the median sales price in March 2021, which was $742,500. The Dollar Volume for Single Family homes, March 2022 is $159,982,777. The Dollar Volume for Condo/Co-Op homes, March 2022 is $22,619,650,” 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
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Greenwich, CT 06830
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