November 18, 2022 9:26 am Greenwich Real Estate Market Report – October 2022 Sales
November 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 October 2022.
There were 30 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 October 2021 when there were 43 closings. The median sale price for a single-family home increased to $2,402,500 from the median sales price in October 2021, which was $2,250,000, a 6 % increase.
The average days on the market (DOM) for residential homes was 35 days; which was a decrease from 134 days in October 2021.
There were 15 condo/co-op residential closings reported during this time period; which was a decrease from October 2021 when there were 19 closings.
The median sale price for a condo/co-op decreased to $699,000 from the median sales price in October 2021, which was $818,340.
The average days on the market (DOM) for condo/co-op residential homes was 77; which was a decrease from 116 days in October 2021.
“October 2022 had thirty closings with a median sales price of $2,402,500; an increase of six percent, from the median sales price in October 2021, which was $2,250,000. Greenwich was the sector in town with the most closings, ending September with eighteen sales and a median sales price of $2,402,500. Condo/Co-Op sales had fifteen closings in October 2022 with a median sales price of $699,000. The Dollar Volume for Single Family homes, October 2022 is $83,854,402. The Dollar Volume for Condo/Co-Op homes, October 2022 is $11,283,000,” 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 feel free to contact Remy of Douglas Elliman.
Remy Cook
203 – 219 – 8233
Douglas Elliman
75 Arch Street
Greenwich, CT 06830
Licensed in CT & NY
RES. 0807125