Sales of single-family homes increased 38% in April, new data show. The year-over-year increase, from 16 to 22, is due mainly to a rise in homes sold in the $1 million to $2 million range, according to statistics published by the New Canaan Board of Realtors.
The numbers are “promising despite the current crisis,” according to the organization’s president, Melissa Rwambuya. “Realtors are open for business and seeing a lot of activity,” Rwambuya said in a statement. “Our agents are responsibly conducting business and adhering to social distancing, wearing masks and gloves and using virtual tours to facilitate real estate transactions. We anticipate a robust recovery with pent up demand especially from buyers leaving the city and looking for more space.”
Here’s a snapshot of the activity:
The median sales price for the month was down 11% from last April, from $1,410,000 to $1,250,000, according to the data.