Column: Greenwich Real Estate Inventory – How Low Can We Go
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Greenwich Sentinel·
- June 7, 2023·
Higher interest rates and anemic stock and bond markets are clearly hurting sales, but a lack of new listings is an equal, if not greater factor, in our sales being down 34% from last year.In Greenwich much of our lower inventory is due to gridlock. Many people who would like to buy a house can’t find anything to buy. Most of our buyers don’t use mortgage financing and the higher you go in price the less mortgage financing you see. Above $4 million, you do see people buying higher priced houses with low-rate mortgages, to free up cash for other investments.