Median Sales Price of a New Canaan Home Up 48% in January

The median sales price for a single-family home in New Canaan increased 48% year-over-year in January, according to new data. The rise, from $1,450,750 to $2,150,000, comes even as the number of overall home sales declines from 28 to 17 i the same period, according to data released by the New Canaan Board of Realtors. Here’s a snapshot of market activity:

 

“As anticipated, single family median sales price is up and unit sales are down,” Anne-Lise Brown, president of the Board of Realtors and MLS. “With new condo development units selling well, the condo market is keeping pace with 2021. I suspect that will continue through the spring.