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Real Estate

Greenwich Home Prices and Sales Fall

  • Purchases and prices both fall in the tony Connecticut suburb
  • Market’s weakness in Manhattan is spreading north, broker says
Greenwich Luxury Home Sales
Photographer: Daniel Acker

With New York City apartments selling for less, urbanites pining for a suburban home in Greenwich might have to daydream a bit longer.

In the last three months of 2018, purchases of single-family houses in the Connecticut town slipped 2.2 percent from a year earlier, the first decline in three quarters, according to a Thursday report from appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The homes that changed hands sold for a median of $1.5 million, a 17 percent drop, reflecting a larger share of smaller properties.