A total of 15 single-family homes were sold in New Canaan in September, new data show, compared to 20 in the same month last year, new data show.
The median sales price of a house also declined 12% year-over-year, from $1,773,500 to $1,552,000, according to data released by the New Canaan Board of Realtors.
“Inventory and sales continue a steady gain, even with interest rates creeping up,” Board President Anne-Lise Brown said in a statement. “Monthly stats for September are a bit skewed by the price points of some sales so when you look at median prices as a percentage against the same month 2021 it doesn’t give a clear picture. The better figures are the year-over-year.”
Through the first nine months of 2022, the median sales of a New Canaan home is up 12%, from $1,767,000 to $1,975,000, according to the Board’s data.
Here’s a snapshot of market activity last month:
Single-Family Home Sales, September 2022
Source: New Canaan MLS
Units Sold
Total 15 20
September 2022 September 2021
$0 to $999,999 3 1
$1 milion to $1.99 million 6 13
$2 milion to $2.99 million 3 4
$3 million to $5 million 2 2
$5 million+ 1 0
*Data only includes homes listed for sale on the NCMLS.
There were just 61 homes on the market at month’s end, the data show. The average home spent 240 total days on the market as of September 2022, compared to 104 as of September 2021, according to the Board’s data.
Total sales of condominiums in New Cannan were roughly the same year-over-year in September (down from seven to six), though the median sales price increased nearly 200%, from $435,000 to $1,292,500, the data show.
There were 30 condos on the market in New Canaan as of the end of September, and year-to-date the median sales price is up 20%, from $877,500 to $1,050,000, according to the Board’s data.