August 21, 2020 2:45 am Greenwich Real Estate Market Report – July 2020 Sales
August 20, 2020 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of July 2020.
There were 85 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 July 2019 when there were 72 closings. The median sale price for a single-family home increased to $1,975,000 from median sales price in July 2019, which was $1,972,500.
The average days on the market (DOM) for residential homes was 164 days; which was a decrease from 222 days in July 2019.
There were 17 condo/co-op residential closings reported during this time period; which was the same from July 2019 when there were 17 closings. The median sale price for a condo/co-op increased to $735,000 from the median sales price in July 2019, which was $600,000.
The average days on the market (DOM) for condo/co-op residential homes was 195; which was an increase from 128 days in July 2019.
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 and or are considering buying, selling, or renting in CT/NY please contact Remy of Douglas Elliman.
203 – 219 – 8233
The Fieldstone Group
of Douglas Elliman
88 Field Point Road
Greenwich, CT 06830
Licensed in CT & NY