Happy 4th of July. I hope everyone spends and enjoys time with their loved ones. Due to the holiday there are only four open houses. See pdf below with list and links. With the rain, the fireworks were rescheduled. A great 4th of July article that shows all the new schedule for towns around us.
While April 2020 was the first entire month in the - new at the time - COVID-19 grip the sales data from it don't necessarily capture pandemic buying patterns as it was simply too soon for closings to happen, in most cases.
May 2021 is officially in the rearview mirror and while we let the numbers settle on the MLS I thought I’d get out some preliminary sales data for Greater Greenwich Single Family home sales:
- 86 homes closed in Greater Greenwich in May 2021, a 56% increase over May 2020.
- The average selling price in May 2021 was $3,332,765, a 46% increase over last year.
- The median selling price in May 2021 was $2,387,500, a 25% increase over last year.
- Average sold price per square foot was $646, a 30% increase over May 2020.
- Total dollar volume in May 2021 was $286,617,850, a 129% increase.
- Average DOM fell 36% to 166 days.
- See attached Market Overview report for 2021 YTD data – which continues to show a strong demand marketplace.
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