Day: March 17, 2025

In 2024, the Greenwich real estate market saw record-high average prices for single-family homes at $3,573,863, with a modest 1% increase, while condos and co-ops experienced a more significant surge of 15% to $1,322,216. The market is influenced by factors such as rising building costs due to tariffs, a national housing deficit, and changes in real estate sales practices following the Sitzer/Burnett lawsuit. Despite these influences, real estate remains a strong hedge against inflation, and innovative solutions like factory-made houses could help address the housing shortage.