Sellers pull mansion listings in Greenwich for fourth straight quarter

The number of mansions for sale in Greenwich continued to fall for the fourth straight quarter as sellers pulled their listings in a tepid market, Bloomberg reported. Inventory of luxury homes fell 31 percent in the third quarter, according to a report by appraisal firm Miller Samuel prepared for brokerage Douglas Elliman. Sales of high-end homes fell 13 percent from the year-ago quarter to 21. Sellers who offered prices cuts — an average of 6.7 percent off the last listed price — helped draw buyers and pushed the median sales price for luxury homes up 34 percent for the quarter to $6.5 million. [Bloomberg]