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real estate

Greenwich Median Sale Home Prices Shoot Up 20%

56 Milbank in Greenwich is on the market for $4.25 million. Sale prices in Greenwich have increased 20 percent in the past year.
56 Milbank in Greenwich is on the market for $4.25 million. Sale prices in Greenwich have increased 20 percent in the past year. Photo Credit: Coldwell Banker Residential Brokerage

GREENWICH, Conn. -- A total of 56 single-family residential closings were reported in Greenwich in May, according to statistics provided by the Greenwich Association of Realtors.

The Greenwich Multiple Listing Service Inc., the multiple listing service used by Realtors in the Greenwich area, provided the figures.

The number of single-family residential closings increased by 5 percent compared to May 2014, when there were 53 closings. The median sale price for a single-family home increased by 20 percent to $1,887,500 from $1,575,000, the median sales price in May 2014.

The average days on the market for residential homes was 219 days, which was consistent with 220 days in May 2014.

See the attached PDF for more information and charts on Greenwich housing in May.

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