The median sales price for a single-family home in New Canaan increased 37% year-over-year in November, according to new data.
The rise, from $1,399,000 to $1,915,000, came even as the number of overall home sales declined from 39 to 23 in this seller’s market, the data from the New Canaan Board of Realtors show.
Referring to the 41% decline, the organization’s president, Anne-Lise Brown said in a statement, “One month’s stats don’t reflect the bigger picture.”
Here’s a look at the month’s activity:
Single-Family Home Sales, November 2021
| Units Sold | ||
|---|---|---|
| Total | 23 | 39 |
| November 2021 | November 2020 | |
| $0 to $999,999 | 1 | 3 |
| $1 milion to $1.99 million | 13 | 29 |
| $2 milion to $2.99 million | 4 | 4 |
| $3 million to $5 million | 5 | 3 |
| $5 million+ | 0 | 0 |
*Data only includes homes listed for sale on the NCMLS.
Year-to-date, the median sales price of a single-family home in New Canaan is up 24%, from $1,427,500 to $1,775,000 through November, the data show.
There were just 80 single-family homes on the market in New Canaan at month’s end, according to the data. They spent an average of 108 days on the market, down from 135 last November.
Meanwhile, sales of condominiums increased 67% in November, up to 10 from six the year-ago month, the data show.
Year-to-date, the median sales price of a condo in New Canaan is up 31% over 2020, from $724,750 to $950,000, according to the data.