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November 2016 Greenwich Sales

There were 25 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 November 2015 when there were 31 closings in November. The median sale price for a single-family home increased to $1,550,000 from $1,300,000 the median sales price in November 2015.
 
The average days on the market (DOM) for residential homes was 180 days; which was an increase from 156 days in November 2015.

 

“November traditionally produces the least amount of closings and this November followed suit.  The majority of the homes sold in November closed within 9% of the original list price. Three of the homes sold were over $4 million. We continue to see the trend of homes priced below $2 million in the highest demand. There are 80 homes under contract at the moment; some of which will close in 2017. We anticipate 2016 ending with 5% fewer sales than 2015 and a median price of approximately $1.7million,” stated Joann Erb, 2016 President of the Greenwich Association of REALTORS. 

Courtesy of The Greenwich Association of REALTORS® 

Posted in: Real Estate

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