At a Glance

May 17, 2018 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of April 2018.

There were 50 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 2017 when there were 30 closings in April. The median sale price for a single-family home increased to $1,822,500 from $1,805,000 the median sales price in April 2017.

The average days on the market (DOM) for residential homes was 196 days; which was a decrease from 246 days in April 2017.

There were 18 condo/co-op residential closings reported during this time period, which was a increase, compared to April 2017 when there were 13 closings.

The median sale price for a condo/co-op decreased to $730,000 from $760,000 the median sales price in April 2017.

The average days on the market (DOM) for condo/co-op residential homes was 183; which was a increase from 156 days in April 2017.

“April 2018 sales had a 66% increase, closing in on fifty sales, from thirty sales last year. The median sale price also increased from last year; $1,822,500 from $1,805,000 in April 2017. The Average Days on Market decreased by 20% to 196 this year, from what was 246 days on market last year this time. Greenwich remains the strongest sector from the beginning of the year; Greenwich closed in on twenty-five sales, with a 33% median price increase, closing in at $1,795,000 from $1,343,750 from April 2017. Condo/Co-Op sales have seen a pleasant increase when compared to April 2017. There were eighteen Condo/Co-Op sales in April 2018, compared to thirteen last year. The median price was $730,000 for April 2018. The spring market is now in full swing and it seems the numbers will continue to increase, as we progress through the remainder of the spring season,” stated BK Bates, 2018 President of the Greenwich Association of REALTORS®.

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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.