December market summary from the MLS

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.
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Median

3 Comments

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3 responses to “December market summary from the MLS

  1. Anonamommy

    How many multiples of the GMLS DOM faux stat is the actual DOM stat?

  2. Flash

    The NO COMMENTS on the MLS calculated statistics is saying something, huh?

  3. Just The Facts!

    Any way you slice it….Greenwich market was down approximately 9% last year YOY….despite what the Town Assessor and BET have been telling us. This compounds their lies from ’09-’10 where the market was flat. We are heading for a lost decade in Greenwich real estate. My guess, poor leadership at Town Hall and Hartford led us to this demise. Out with the bums. JTF!