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Some Recent Activity
Year to date Sales of Single family homes are down 60.6%.   We have sold 97 Single Family homes year to date.
The average sale price has consistently dropped since September of 08 and is 20.8% below last year at this time.
The average days on the market for homes that have sold this year also consistently went up to a high of 294.  Last month it went down.   This indicates to me that sellers are becoming more aware and are pricing properties to secure contracts quickly, no longer are the days of testing the market.
The list price to sold price ratio is 88.4% for homes that have sold this year.   Last year at this time is was running closer to 96%
The inventory is up about 16.5% from last year.  This increased significantly in May and June of this year.
The Absorption rate is up to a record of 3 years and 6 months -It will take 3 and half years to sell the homes on the market at the current rate of absorption.   Greenwich typically runs 5 months or less. 
The highest percentages of homes are selling in the 1 million to 1.5 million price range (18.6%).  Last year ... more

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