I know many of the Greenwich bloggers but I prefer doing independent research and using current models to determine market conditions. The University of Connecticut tracks the real estate market throughout the state. The latest Greenwich stats are up across the board: http://www.business.uconn.edu/cms/p1175
In this morning's news I noted the prediction by several large mortgage companies for an uptick in sales and demand in 2013.
My advice about the purchase of a home in Greenwich is the following:
Prices have seemed to stabilize and in some cases are increasing.
Forecasts seem to indicate an increased demand in 2013.
Greenwich prices will increase with a stronger market.
There have been higher priced sales this year versus last ( so much for the Wall Street folks sitting on the sidelines).
Buy now with the knowledge you may be able to get a much better price today (have your agent give you real comps and sage advice).
A year from now (like many stock offerings) you'll hear " I should have bought at a lower price when I had a chance".