GREENWICH, Conn. -- A total of 23 single-family residential closings were reported in Greenwich in January, according to a report released by the Greenwich Association of Realtors.
The figures were 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 represents a 104 percent decrease, compared with January 2014, when there were 47 closings. The median sale price for a single-family home decreased to $1.6 million from $2.25 million in January 2014.
The average time on the market was 166 days, which was consistent with 167 days in January 2014.
“Typically, February is one of the slowest months in the Greenwich market. This year, January seems to have traded places,'' said Joann Erb, president of the Greenwich Association of Realtors.
"In mid-February, we already have more closings than we had for the entire month of January. With this weather, it has been challenging to show properties. In January, there were 25 percent fewer showings, compared to the past four years. We anticipate February to end with approximately 40 closings and a higher sales price than January."
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