* Home sales JUMPED 45% in January (42 units closed vs. 29 a year ago)
* Home prices ROSE 5% to a median price of $1,762,500.
* In the $1m-$2m price range 20 units closed in January vs. 7 a year ago - a 185% increase!
* Inventory is DOWN modestly with 453 homes actively listed in Greenwich today.
* Pendings are UP 4.6% compared to a year ago w/ positive activity across numerous price ranges.
* Days on Market (DOM) expanded to 238 in January from 169 in January 2016.
* Sold Price to Original List Price Ratio remained steady at about 88%.
Buyers are out looking for homes now. If you want to sell and are not currently listed you are missing the market.
Pricing is key as DOM (days on market) shows a higher sales price in a shorter time frame than having to do a price reduction which greatly increases the DOM and ultimately sells for less.