Month: February 2024

David Michonski's update on the Greenwich real estate market highlighted the record prices for single-family homes in 2023 and compared the performance of the Greenwich market to the national real estate market. While Greenwich saw significant gains, the national figures turned out to be even better, leading to extraordinary wealth creation and fueling the rise in inflation. Michonski also discussed potential factors that could influence future price trends, suggesting a potential short-term stall or slight fall in prices due to decreased pandemic relocation and less friendly employer policies toward remote work.