Sales Down in Greenwich Real Estate Market

In this week's report, the number of homes sold in the Greenwich market fell to one over the past 30 days. It marked a decrease of 50.0% from last week's report and a fall below the monthly average. Within the same time frame, Saratoga Springs had 36 sales, the most of all cities in the area. Prices are falling in Greenwich, and this period the median price of all sales fell from $75,900 to $14,000. Greenwich is a strong buyer's market, thanks to a big 22 months of inventory to choose from and a pullback in sales.

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Demographic facts for Greenwich:

  • This area has a rating of 51 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • For every 100,000 people there are 50.6 physicians.
  • The health cost index score in this area is 109.7. (100 = national average)
  • The breakdown of residents commuting to work is 81.1% by car, 9.0% by carpool, and 0.0% by public transit.

Data reported through 10/19/2016

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