New Canaan sold fewer homes in November than in the year-ago month, data show.
Sales of single-family homes decreased from 16 to 11—a 31-percent decline, according to data released by the New Canaan Board of Realtors.
The largest drop came in the $2 million to $3 million segment, which saw just one sale last month compared to four one year ago, the data show.
Even so, the median sales price ticked up 3% month-over-month, to $1.4 million.
Here’s a snapshot of the new sales data:
Single-Family Home Sales, November 2019*
| Units Sold | ||
|---|---|---|
| Total | 11 | 16 |
| November '19 | November '18 | |
| $0 to $999,999 | 4 | 5 |
| $1 milion to $1.99 million | 4 | 5 |
| $2 milion to $2.99 million | 1 | 4 |
| $3 million to $5 million | 2 | 2 |
| $5 million+ | 0 | 0 |
*Data only includes homes listed for sale on the NCMLS and does not include condos.
Year-to-date, the median price of single-family homes in New Canaan is still down about 8%, from $1,442,500 to $1,320,000, according to the Board. (The median sales price of condominiums is up 7% in the same period, to $730,000, the data show.)
New Canaan homes’ average days on the market in November was down to 233 from 269 one year ago, according to the Board. There were 244 homes on the market last month, compared to 304 in November 2018, the data said.