Looking inside the numbers, it is evident that the average sales price number this year is a reflection of greater numbers of low-end sales, coupled with smaller numbers at the high end, thus skewing the number down. The average-sale-price-to-assessment ratio, on the other hand, is a more accurate result since it is measured against a constant, so less subject to market vagaries.
Despite the increase by the Federal Reserve in the federal fund rate in December of last year, interest rates are still at historical lows. Though new hikes are likely this year, it will probably not be enough to dampen real estate sales.
Feel free to contact me for more specific information about Greenwich properties, sales trends in your area of town, or if you would like a current price opinion on your home.
your property is presently listed for sale, this is not intended as a
This information is not comprehensive; it is
deemed reliable, but not guaranteed. Data compiled from the Town
and the MLS and is intended for personal use by the consumer.