Mid-October Greenwich R.E. Report – Still Looking Good

So far this month we have sold 52 homes in October 2020. Our 10-year average for the whole month of September is 49 houses. So we have already sold more in a half month than we normally sell in the whole month of October. We also have 178 contracts so once again we have a good chance of having over 100 sales for the month.

When you look at our sales and contracts they zig-zag, but at the highest level for the year.

Chart of weekly Greenwich single-family home transactions in 2020, rising from 2 in January to over 60 in October.

_{Total 2020Greenwich House Sales and Contracts by Week}

One of our hottest areas has been backcountry where sales are up 74% for the year.

Map with colored property markers across the Greenwich and Westchester area.

_{Backcountry Sales 2020 YTD (10/17/20)}
_{Sold (Blue) 73}
_{Pending (Yellow) 16}
_{Contingent Contract (Green) 9}

This increase in backcountry sales actually started in 2019 when backcountry sales 2019 were 30% higher than we had in 2018. It’s going to be an interesting 4th quarter.

Greenwich real estate statistics table showing prices, sale ratios, and days on market through September 2020.

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Mid-October Greenwich R.E. Report – Still Looking Good - 10/17/2020