The median sales price for a single-family home in New Canaan increased 24% year-over-year in December, according to new data, and 12% for all of 2022.
In all, 15 homes were sold this past December compared to 16 in the year-ago month, according to the New Canaan Board of Realtors. The median price last month was $1,925,000, up from $1,557,000 in December 2021, the data show.
In 2022, the median sales price of a single-family home in New Canaan was $1,962,500, compared to $1,759,000 in 2021, the data show. Here’s a snapshot of market activity in December:
There were 37 homes on the market at month’s end, according to the Board’s data, and houses spent an average of 173 days on the market in the month, compared to 106 in December 2021.
Just two condominiums were sold in New Canaan last month, according to the data, down from seven in December 2021. For all of 2022, the median sales price of a condo increased 22%, from $967,500 to $1,180,000, according to the data.