Eight single-family homes were sold in New Canaan in April, new data show, down from 38 in the year-ago month.
The median sales price for a house increased by 33% in the same period, from $2,025,000 to $2,687,500, according to data released by the New Canaan Board of Realtors.
Here’s a snapshot of market activity:
Single-Family Home Sales, April 2022
| Units Sold | ||
|---|---|---|
| Total | 8 | 37 |
| April 2022 | April 2021 | |
| $0 to $999,999 | 0 | 0 |
| $1 milion to $1.99 million | 1 | 18 |
| $2 milion to $2.99 million | 6 | 11 |
| $3 million to $5 million | 1 | 6 |
| $5 million+ | 0 | 2 |
*Data only includes homes listed for sale on the NCMLS.
So far this year, the median sales price of a single-family home has risen 15%, from $1,650,000 to $1,905,000, according to the data.
There were just 34 homes on the market at the end of April, the data show, and homes are spending an average of just 164 days on the market in April, compared to 172 one year ago.
Sales of condominiums increased to five in April compared to four in the year-ago month, according to the data. Year-to-date, the median sales price of a condominium is up 5%, to $1,050,000.