At a Glance

March 16, 2017 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of February 2017.

There were 31 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 February 2016 when there were 43 closings in February. The median sale price for a single-family home increased to $2,200,000 from $1,550,000 the median sales price in February 2016.

The average days on the market (DOM) for residential homes was 224 days; which was a decrease from 230 days in February 2016.

“The spring market has begun in Greenwich. Although February of 2017 had less closings than February 2016; year-to-date we are ahead of last year’s closings. The median price of over $2million reflects the movement in the upper-end markets. More than half of the closings in February were over $2million and five of the closings were over $4million. Inventory is low, so buyers should be prepared to move quickly as the spring market continues,” stated BK Bates, 2017 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.