Greenwich single family home sales were 72 this past June, compared to 105 in June, 2011. Back soon with average price, but I’d imagine they fell too.
UPDATE: As a reader alerted me, Raveis does have June figures up.
71 sales (I found 72, but never mind) vs. 105 last June.
Average price: $2.225 vs. $2.449
Median price: $1.494 v. $1.680 (11.1%)
But here’s the number that I keep harping on – average list price is $3.882 million, vs. $3.897 last year – essentially unchanged, which explains why inventory is up and months to exhaust inventory is 18 months instead of 2 months.
I was speaking with a fellow agent this morning, one of the most knowledgeable I know (I’d give hom credit but I’m not sure he wants to be identified) and he said, “thank God for sellers’ stubbornness or prices would collapse completely”. Which is true – I wonder whether homeowners holding out for magic buyers realize that they aren’t going to sell their house but they are at least helping their neighbors maintain their own delusions?
He also said, and again he was right, that if Riverside and Old Greenwich weren’t boosting sales prices, our numbers would look absolutely awful.