Sales of single-family homes in town ticked up 14 percent in January over last year, according to new data from the New Canaan Board of Realtors.
In all, 16 homes were sold in January compared to 14 in the same month in 2018, the data said. The number of homes sold in the $1 million to $2 million range rose 29 percent, while the number of homes sold in the $2 million to $3 million range rose 50 percent.
Here’s a summary:
New Canaan: Single Family Home Sales, January 2019*
| Units Sold | ||
|---|---|---|
| Total | 16 | 14 |
| January '19 | January '18 | |
| $0 to $999,999 | 4 | 4 |
| $1 milion to $1.99 million | 9 | 7 |
| $2 milion to $2.99 million | 3 | 2 |
| $3 million to $5 million | 0 | 1 |
| $5 million+ | 0 | 0 |
*Does not include condos
The median sales price declined by 2 percent year-over-year, from $1,388,750 in January 2018 to $1,365,000 last month, according to the data. Houses are spending far more time on the market on average, the data said, up from 184 to 269 days, a rise of 46 percent.
While the total number of single-family homes on the market rose by 3 percent, from 219 in January 2018 to 226 last month, the total number of condominiums on the market declined by 29 percent, from 45 to 32, the data said.
In all, the number of single-family homes on the market increased 3 percent, from 219 in January 2018 to 226 last month, according to the data.