2017 was certainly a year of surprises. The real estate market was certainly a welcome surprise – it was hot!
During 2017, over 90% of the luxury sales in Connecticut were in Fairfield County. That’s good news, indeed, for home sellers in Greenwich. Let’s see what else conspired in real estate over the course of 2017:
- The median sale price for a single family home in Greenwich was $1,869,790 – that’s the highest median since 2008!
- June was the busiest month with 80 homes sold. Slowest month? February and April were the slowest months with only 31 and 30 homes sold.
- When we compare Greenwich home sales back to the darkest days of the recession, we can see how the economy has been (albeit slowly) recuperating. In 2009, only 333 homes sold; in 2017, 572 homes sold (static when compared to last year).
This Forbes article provides a 2018 outlook. What do you think? Are you a realtor hoping for another banner year?
If you like to dive into numbers, click here to view a compilation of 2017 statistics pulled from the Greenwich Multiple Listing Service.
And let me know if you’d like to go look at beautiful houses in Greenwich