We’ve talked in this newsletter before about statistics and how they can be influenced to say something that isn’t quite what it appears to be. The first of July had a monumental state conveyance tax increase which pushed the number of closings up in June. And while the market has been perking along, this tax change provided great incentive to close in June and not in July so the numbers are skewed.
That being said we had 105 single family home sales in the town of Greenwich during the month of June. The median list price was $1,895,000; median closing price was $1,680,000 with median...