May 21, 2021 6:44 pm Real Estate Market Report – April 2021 Sales
There were 88 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 April 2020 when there were 34 closings, a 159 % increase.
The median sale price for a single-family home increased to $2,575,000 from the median sales price in April 2020, which was $1,733,500 a 49 % increase.
The average days on the market (DOM) for residential homes was 143 days; which was a decrease from 300 days in April 2020.
There were 31 condo/co-op residential closings reported during this time period; which was an increase from April 2020 when there were 11 closings. The median sale price for a condo/co-op decreased to $725,000 from the median sales price in April 2020, which was $940,000. The average days on the market (DOM) for condo/co-op residential homes was 127; which was a decrease from 162 days in April 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
Licensed in CT & NY