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Happy Father's Day. I hope everyone spends and enjoys time with their loved ones. I know I will be. See the list below for a smaller than usual open house list due to Father's Day. Please let me know if there is anything I can do in any way possible to help navigate this market.
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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