Sales of single-family homes in New Canaan increased 13% in December, according to new data.
The rise from 15 to 17 homes sold year-over-year reflects an increase in the $2 million to $5 million range, according to data released by the New Canaan Board of Realtors.
The median sales price also increased 21% in the same period, from about $1.24 million to $1.5 million, the data said.
Here’s a snapshot of home sales activity in the month:
Single-Family Home Sales, December 2019
| Units Sold | ||
|---|---|---|
| Total | 17 | 15 |
| December '19 | December '18 | |
| $0 to $999,999 | 5 | 6 |
| $1 milion to $1.99 million | 7 | 7 |
| $2 milion to $2.99 million | 3 | 1 |
| $3 million to $5 million | 2 | 1 |
| $5 million+ | 0 | 0 |
*Data only includes homes listed for sale on the NCMLS and does not include condos.
Homes had spent an average of 262 days on the market in December, up from 151 days the prior year, according to the Board’s data. Single-family home inventory is down in the same period, from 262 to 199, the data said.
In December, condominium sales increased dramatically, from one in 2018 to six last month, the data said.
Overall, the median sales price of single-family homes sold in New Canaan in 2019 declined 3% from the prior year, according to the data, from $1,387,000 to $1,342,500. The median price of condos increased 1% in the same period, from $690,000 to $699,000.