As we step into 2025, it’s an opportune time for Greenwich buyers and sellers to reassess their real estate journey. While the market continues to show resilience and adaptability, it also presents unique opportunities for the upcoming year.
Greenwich, currently considered a seller’s market, has experienced several fluctuations in inventory over the past few years. As of today, there were 89 single family homes actively listed on MLS in Greenwich, compared to 84 homes available at the same time the prior year. This trend shows signs of changes on the horizon.
There are several factors that could help increase inventory this year:
- Interest rate stabilization: With inflation slowing and interest rates expected to stabilize, more homeowners may feel confident about listing their properties.
- Pent-up demand: The historically high interest rates of 2023 deterred many buyers. As rates become more favorable, buyers are likely to re-enter the market which will encourage more sellers to list their homes.
- Seasonal trends: Traditionally, winter and early summer see an uptick in listings. As we approach these seasons, we are expecting to see more homes coming on the market.
Whether you are looking to buy or sell a property, this is an excellent time to review your real estate goals and strategize for the year ahead.
Buyers should be prepared to act quickly as homes in Greenwich are still moving fast, consider expanding search criteria to increase your options, and stay informed about market trends to be ready to make competitive offers.
Sellers should be aware that inventory is low but buyer expectations are high, the timing of listings can shift seasonally, and pricing should be strategic since the median seller in Greenwich has been getting their list price.
Real estate decisions are considered to be significant life events. As a local expert, I can help answer any questions that you may have in the Greenwich market to make sure that you make the best informed decision.
Click HERE for New Listings in Greenwich.
Click HERE for the most up-to-date open house list.
Click HERE for the most recent sales in Greenwich.
Click HERE for the Greenwich Multiple Listing Service (MLS) and to create your custom property search. The MLS contains the most accurate and up-to-date information for all homes on the market.
Stefanie Lacoff is a licensed real estate agent with Berkshire Hathaway HomeServices New England Properties in Greenwich, CT. Contact Stefanie for assistance with selling or purchasing a home locally or around the world.
Text/call: 203-536-9403
Email: slacoff@bhhsne.com