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.