Sales of single-family homes in New Canaan more than doubled year-over-year in September, according to new data.
New Canaan home sales increased from 11 in September 2018 to 24 last month, a rise of 118%, according to the New Canaan Board of Realtors.
The organization’s president, Janis Hennessy, said, “Some bright spots show themselves in the market data with single-family home sales in New Canaan up well over 100% in September 2019 over the same period last year. Inventory is down by 66 units over the same period. I like those trends.”
Much of the difference in sales came in the $1-million-and-under range, from zero one year ago to eight last month. Here’s a table tracking the data:
Single-Family Home Sales, September 2019*
| Units Sold | ||
|---|---|---|
| Total | 24 | 11 |
| September '19 | September '18 | |
| $0 to $999,999 | 8 | 0 |
| $1 milion to $1.99 million | 13 | 9 |
| $2 milion to $2.99 million | 1 | 2 |
| $3 million to $5 million | 2 | 0 |
| $5 million+ | 0 | 0 |
*Data only includes homes listed for sale on the NCMLS and does not include condos.
Sales of condominiums also increased from one last September to three this year, the data show.
Year-to-date, the median sales price of single-family homes in New Canaan is down 10% from the first nine months of last year, from $1.4 million to $1,256,250, according to the data.
Homes are spending 229 days on the market this year as of September, according to the data, compared to 144 last year—an increase of 59%.