Greenwich Association of Realtors announces December sales

The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of December 2015.

There were 48 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 December 2014 when there were 59 closings in December. The median sale price for a single-family home increased to $1,712,500 from $1,405,000 the median sales price in December 2014.

The average days on the market (DOM) for residential homes was 210 days; which was a increase from 187 days in December 2014.



“The “new normal” continued throughout 2015; with the end of the real estate boom and bust behind us now for a few years; 2015 aligns with 2014’s experience. The number of single-family closings was only different by one, with 597 single-family homes sold in Greenwich in 2015. Riverside was the most active with a 16% increase in sales compared to 2014 with the median price remaining the same at just over $2 million. We expect 2016 to perform similarly with a steady amount of sales, steady prices and continued demand for homes that are updated and move-in ready,” stated Joann Erb, 2015 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 800 members and is headquartered in Greenwich, Ct.


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