The average price and even the median price have been skewed in Greenwich, because the market under $1.5MM has been so busy. As a result averages are down when most house prices are up. In OG and Riverside south of the tracks you are looking at double digit increases. In backcountry prices are flat to down. The best thing to do is look at the prices in your price range and the neighborhoods you want. Let me know if you'd like me to do a micro analysis for you.
You can also find a lot of info in my weekly market reports at GreenwichStreets.com
In Greenwich, the average and medium prices declined slightly year to year 11 to 12. However, the unit numbers and dollar volume rose. Ask your Realtor. The Greenwich MLS supplies monthly stats. As Realtors in Greenwich, we also have access to other sources one of which tracks sales as a percentage of assessed value. Surrounding towns will have different numbers. In the larger world, one of the experts on Bloomberg yesterday forecast house prices rising moderately through the year. She saw a larger inventory but there appears to be pent up demand as well. She also said the short sales and REO's should not overwhelm the market that some had feared.
Hope this was helpful. Good Luck, Jay
3 months ending January 2013 vs January 2012 - the average sale price on single family homes was $2,440,531 2013 versus $2,292,969 in 2012. Also compelling is the sales to list price ratio is moving up - from 90% to 92.1% indicating that prices are moving up.
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You can check the data right here on the Trulia site by clicking on the " Local Info" tab on the banner at the top of this screen. Then click on "Market Trends". It appears that sales prices are down from last year but list prices are trending up a bit.
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