GREENWICH, Conn., Oct. 25, 2016 /PRNewswire/ -- The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of September 2016.
There were 57 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 increased, compared to September 2015 when there were 55 closings in September. The median sale price for a single-family home decreased to $1,650,000 from $1,850,000 the median sales price in September 2015.
The average days on the market (DOM) for residential homes was 161 days; which was a decrease from 186 days in September 2015.
"September was a strong month for real estate sales. Sales increased by 4% compared to September 2015, showing the highest amount of closings over the past 5 Septembers. Public Open Houses are drawing a lot of potential and serious buyers to homes. Old Greenwich continues to be in demand, with a 44% increase in sales in September compared to last year. Updated homes and walkability factors continue to be high preference considerations by purchasers," stated Joann Erb, 2016 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 850 members and is headquartered in Greenwich, CT.
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SOURCE Greenwich Association of REALTORS