Home sales in New Canaan declined 24% year-over-year in January, according to new data.
In addition to the overall decrease in single-family home sales, from 17 to 13, the median price dropped 13% in the period, from $1,355,000 to $1,175,000, according to data from the New Canaan Board of Realtors.
Here’s a snapshot of home sales activity for the month:
Single-Family Home Sales, January 2020
|January '20||January '19|
|$0 to $999,999||2||5|
|$1 milion to $1.99 million||8||9|
|$2 milion to $2.99 million||1||3|
|$3 million to $5 million||2||0|
*Data only includes homes listed for sale on the NCMLS and does not include condos.
Houses spent an average of 237 days on the market, the data say, compared to 260 days one year ago. In all, there were 237 homes on the market at the end of January 2019, compared to 177 last month, according to the data.
In January, the total number of condominiums sold increased to five, up from four the prior year, the data say. The median sales price of condominiums fell 25% in the period, from $775,00 to $585,000.