The median sales price of a single-family home sold in New Canaan increased 25% year-over-year in November, from $1,915,000 to $2.4 million, according to new data. The overall number of houses sold declined from 23 to 13 in the same period, according to the data released by the New Canaan Board of Realtors. “No surprises in the monthly stats,” the organization’s president, Anne-Lise Brown, said in a statement. “The median price is up, days on market are up and unit sales are down. A seasonal slowdown in a market with little inventory.”
Here’s a snapshot of market activity:
Year-to-date, the median sales price of a New Canaan home is up 11%, from $1,775,000 to $1,975,000, the data show. Single-family homes also are spending about 17% longer on the market, according to the Board’s figures.