NEW CANAAN MARKET REPORT March 2015

NEW CANAAN ROGERS STUDIO AND MUSEUM

Average Sales Price

As you can see from the graph above, the average sales price over the last three years 2012-2015 has been very stable.Some areas of the Country are in a Seller’s market where sales prices are skyrocketing because of competitive bids.Some areas of the country, on the other hand, are depressed and sales prices are falling. New Canaan sales prices are stable.

Cumulative Days on Market

This is the total number of days the listing has been on the market.As you can see from the graph above homes are beginning to sell slightly faster.

Months of Inventory

Months of Inventory are defined by the number of pending sales versus the number of active listings on the market. As you can see from the graph above the months of inventory has been declining which shows the market is picking up.

Number of Sales

Number of Sales is fairly self- explanatory at this time we are still on a slow but steady increase.The fluctuations in the graph above indicate the difference between spring and fall markets.

As this graph indicates the stronger a market gets, the more competitive bidding exists, the closer your sales price will move to your list price.

Therefore, as you can tell, the New Canaan Real Estate Market is stable and improving.

The above Real Estate information was provided by Dagny Eason, a regional recognized leader in her field. Dagny can be reached via email at [email protected] or by phone 203-858-4853. Dagny has helped people move in and out of many Farifield County towns for the past ten years.

Thinking of Selling your Home? I always say, "List with me, and start packing!" I have a passion for REAL ESTATE and love to share my marketing expertise!

I service REAL ESTATE sales in the following Fairfield County, CT towns: .... Westport, Wilton, Weston, Ridgefield, New Canaan, Darien, Norwalk, Fairfield, Redding, Easton, Trumbull, Greenwich, Stamford, etc.