The town saw a modest uptick in the number of single-family homes in November, while the median sales price fell by 21 percent on a year-over-year basis, according to new data released by the New Canaan Board of Realtors. The total number of homes that sold increased from 14 to 16, according to the data. Within that total, the number of homes that sold in the $3 million to $5 million range declined from four to two year-over-year. That difference, along with a decline in the $1 million to $2 million range from nine to five, likely contributed to a drop in the median sales price, from $1,727,000 in 2017 to $1,360,000 last month. Here’s a snapshot of single-family home sales year-over-year:
Board of Realtors President Janis Hennessy said in a statement that she “likes the 14 percent uptick in single family home sales.”
The number of single-family homes on the market held steady, at 296 in November compared to 299 in the year-ago month, according to the data.