All neighborhoods in Greenwich sold fewer homes in 2022 than in 2021, new data from Houlihan Lawrence shows. According to Houlihan Lawrence\u2019s Greenwich market report, which is based on the company's database, the declines are due to a lack of inventory in these areas. As the U.S. was hit with inflation and high mortgage rates this past year, it made the many potential sellers stay put, not wanting to forgo their lower mortgages. Houlihan Lawrence\u2019s report notes that it does not expect the inventory aspect of Greenwich\u2019s market to change in 2023, as the real estate arena currently remains in a state of unpredictability. This is especially exacerbated by mixed reports of whether the U.S. might fall into a recession this year.\u00a0 \u201cLimited inventory levels will continue to be a theme in 2023 as many potential sellers elect to stay put with their low mortgage rates rather than purchase a new home with today\u2019s more expensive financing,\u201d President and CEO of Houlihan Lawrence Liz Nunan said in a press release.\u00a0 In terms of home values, the Greenwich neighborhoods and sub-markets varied widely. The report showed that homes North of Merritt Parkway and in the Riverside neighborhood saw decreases in their median sale prices in Q4 of 2022 compared to 2021, while South of Merritt Parkway, Old Greenwich, Cos Cob and South of Post Road all saw increases in median sale prices as compared to 2021. Cos Cob saw the largest increase in median sale price, with a 19.6 percent increase from $1.65 million in 2021 to 1.81 million in 2022. The town of Greenwich as a whole sold\u00a0 36.7 percent fewer homes in 2022 than 2021, but saw a 6.5 percent increase in median sale prices over the same time period. Despite 2022\u2019s record, the Houlihan Lawrence press release said that the data shows it\u2019s a seller\u2019s market. The lack of inventory met with \u201cbroad buyer demand\u201d makes it a good time to sell a home, according to the report.