Sellers pull mansion listings in Greenwich for fourth straight quarter

October 26, 2017 11:57AM

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]