Greenwich Real Estate Market Report – September 2021

Greenwich Real Estate Market Report – September 2021

 

Published by GAR

The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of September 2021.

There were 80 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 September 2020 when there were 118 closings.

The median sale price for a single-family home decreased to $2,110,000 from the median sales price in September 2020, which was $2,150,000, a 2 % decrease.

The average days on the market (DOM) for residential homes was 103 days; which was a decrease from 182 days in September 2020.

There were 23 condo/co-op residential closings reported during this time period; which was an increase from September 2020 when there were 19 closings. 

The median sale price for a condo/co-op increased to $700,000 from the median sales price in September 2020, which was $595,000. 

The average days on the market (DOM) for condo/co-op residential homes was 170; which was a decrease from 227 days in September 2020.

The Dollar Volume for Single Family homes, September 2021 is $228,023,000. There were forty-three Single Family Price Reductions for September 2021 with a median price change of $264,000. The Dollar Volume for Condo/Co-Op homes, September 2021 is $28,413,475” 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.

 Remy Cook
203 – 219 – 8233

Douglas Elliman
88 Field Point Road
Greenwich, CT 06830
Licensed in CT & NY 
RES. 0807125