Q1 2025 Greenwich Market Report

🌸 1. Market Momentum is Shifting This Spring

According to Greenwich MLS as of Q1 2025 and compared to Q1 2024, the single family Greenwich market is entering Spring 2025 with a mixed bag of real estate trends. The number of home sales is down compared to Q1 of 2024, yet prices are still climbing — a clear sign that while the market is cooling in pace, demand remains robust.

Whether you're a buyer or seller, understanding this shift can help you move with clarity and confidence.

📉 2. Sales Volume Has Slowed — But Don’t Panic

There are fewer transactions happening this season. In fact, home sales are down nearly 4% year-over-year. But this doesn’t mean the market is crashing. It simply reflects:

• Higher mortgage rates
• Seasonal buyer hesitation
• Fewer homes on the market

💰 3. Prices Are Still On the Rise

Despite the slowdown in activity, home values in Greenwich continue to appreciate, with the median home price up more than 26% from last year. Why?

• Inventory is still low
• Luxury homes are holding strong
• High demand from New York City buyers continues

🕰️ 4. Homes Are Sitting on the Market Longer

Sellers, take note: the average days on market has risen to 23 days, up from 16 a year ago. This means buyers have more time to make decisions — and more room to negotiate.

Staging, pricing, and marketing strategy are now more important than ever.

🏡 5. Inventory Is Improving — Slowly

While new listings are ticking up, Greenwich's overall inventory is still tight. This creates a sense of urgency for buyers and opportunity for sellers. If you’ve been waiting to list, now’s the time to prepare.

🧠 6. What Buyers and Sellers Need to Know

Buyers should get pre-approved early, work with a savvy agent, and move quickly on homes they love.

Sellers should focus on:

• Smart pricing
• Professional photography
• Making their home stand out in a competitive space

👥 7. Why Local Expertise Matters Right Now

With shifting numbers, local insight is priceless. Whether you’re buying or selling in Greenwich, Old Greenwich, Riverside or Cos Cob the difference between average and amazing results often comes down to working with a local real estate expert who knows the Greenwich market inside and out.

📞 Let’s Talk Strategy

Spring 2025 is a season of opportunity and transition. If you're ready to make a move in Greenwich, now’s the time to connect and talk strategy. Whether you're upgrading, downsizing, or buying your first home — I’m here to help you make smart, confident moves. Call 475-245-4205