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Almost No One Buying a Home in Greenwich Is Paying Sticker Price

  • Owners are agreeing to price cuts or pulling their listings
  • Value-seeking shoppers will act if the price is low enough
Updated on

Almost no one buying a home in Greenwich is paying the sticker price.

Ninety percent of all single-family deals in the fourth quarter were for less than what the seller was seeking -- the biggest share in data going back to mid-2017, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The average discount from the last asking price was 9.6%.