New Canaan, CT August 2026 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
Overview
The overview below shows real estate activity from January 2026 to July 2026. You will see data comparisons between July and the previous month, the last three months and July 2025.
| Overview | YTD Avg. | July | June | Apr. – Jun. | Jul. 2025 |
|---|---|---|---|---|---|
| New Listings | 178 | 24 | 32 | 35 | 18 |
| Average Sales Price per Square Foot | 625 | 617 | 628 | 639 | 592 |
| Average Days on Market | 82 | 27 | 24 | 73 | 36 |
| Number of Properties for Sale | 276 | 38 | 44 | 44 | 52 |
| Average List Price | $3,991,292 | $4,106,447 | $4,120,795 | $3,794,044 | $4,232,919 |
| Median List Price | $2,995,000 | $2,995,000 | $3,262,500 | $2,876,667 | $3,245,000 |
| Average Sales Price | $3,347,143 | $2,808,052 | $2,901,695 | $3,234,751 | $3,356,293 |
| Median Sales Price | $3,067,667 | $2,600,000 | $2,795,000 | $2,898,333 | $2,541,000 |
| Sales Price / List Price Ratio | 103.42% | 107.19% | 110.07% | 104.69% | 106.49% |
| Number of Properties Sold | 119 | 25 | 28 | 21 | 23 |
| Month’s Supply of Inventory | 3.55 | 1.52 | 1.57 | 2.48 | 2.26 |
| Absorption Rate | 0.44 | 0.66 | 0.64 | 0.49 | 0.44 |
Average & Median Sales Price
The median sales price in July 2026 was $2,600,000, down -6.98% from $2,795,000 from the previous month and 2.32% higher than $2,541,000 from July 2025. The July 2026 median sales price was at its highest level compared to July 2025 and 2024. The average sales price in July 2026 was $2,808,052, down -3.23% from $2,901,695 from the previous month and -16.33% lower than $3,356,293 from July 2025. The July 2026 average sale price was at a mid level compared to July 2025 and 2024.
Note: the source report’s monthly trend line isn’t accompanied by per-point labels, so the chart below shows only the confirmed comparison points from the report (YTD average, the Apr.–Jun. period, June, July, and July 2025) rather than a fabricated 36-month series.
Sales Price / List Price Ratio
The sales price/list price ratio is the average sale price divided by the average list price for sold properties expressed as a percentage. If it is above 100%, homes are selling for more than the list price. If it is less than 100%, homes are selling for less than the list price. The July 2026 sales price/list price ratio was 107.19%, down from 110.07% from the previous month and equal to July 2025.
Note: shown as a comparison of the confirmed report values (YTD average, Apr.–Jun., June, July, July 2025) — full monthly figures were not labeled in the source report.
Number of Properties Sold & Absorption Rate
The number of properties sold in July 2026 was 25, down -10.71% from 28 from the previous month and 8.70% higher than 23 from July 2025. The July 2026 sales were at a mid level compared to July 2025 and 2024. Absorption rate is the average number of sales per month divided by the total number of available properties.
Absorption rate monthly values weren’t labeled in the source chart — only the comparison points below are confirmed.
Average Days on Market
The average days on market (DOM) is the number of days a property is on the market before it sells. An upward trend in DOM tends to indicate a move towards a buyer’s market; a downward trend tends to indicate a move towards a seller’s market. The DOM for July 2026 was 27 days, up 12.50% from 24 days from the previous month and -25.00% lower than 36 days from July 2025. The July 2026 DOM was at its lowest level compared with July 2025 and 2024.
Average Sales Price per Square Foot
The average sales price per square foot is a more normalized indicator for the direction of property value. The sales price per square foot in July 2026 was $617, down -1.75% from $628 from the previous month and 4.22% higher than $592 from July 2025.
Note: shown as a comparison of the confirmed report values — full monthly figures were not labeled in the source chart.
Inventory & MSI
The number of properties for sale in July 2026 was 38, down -13.64% from 44 from the previous month and -26.92% lower than 52 from July 2025. The July 2026 inventory was at its lowest level compared with July 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2026 MSI of 1.52 months was at its lowest level compared with July 2025 and 2024.
MSI monthly values weren’t labeled in the source chart — only the comparison points below are confirmed.
New Listings
The number of new listings in July 2026 was 24, down -25.00% from 32 from the previous month and 33.33% higher than 18 from July 2025. The July 2026 listings were at its highest level compared to July 2025 and 2024.
Note: one month of bar labels in the source New Listings chart was not legible enough to extract reliably, so the full 36-month series is not shown here. The chart below reflects only the confirmed comparison points from the Overview table.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the July 2026 New Canaan Market Update:
🏠 Prices are mixed this July — Median sales price climbed to $2,600,000, up 2.32% from July 2025’s $2,541,000, even with a 6.98% dip from June’s $2,795,000, its highest July level in three years. Average sales price told a different story at $2,808,052, down 16.33% from July 2025’s $3,356,293 — a mid-level July compared to the past three years.
⏳ Homes are selling quickly — Average days on market ticked up to 27, up 12.50% from June’s 24, but still 25% lower than July 2025’s 36. This is the lowest July DOM in three years, a sign sellers still hold the upper hand.
📉 Inventory remains at a three-year July low — Only 38 homes for sale, down 26.92% from July 2025’s 52. With a Month’s Supply of just 1.52, there’s still not much to choose from.
📊 Sellers keep winning — 25 homes closed in July, down 10.71% from June’s 28 but 8.70% higher than July 2025’s 23, and they sold at 107.19% of list price. The average seller still got well over asking — a clear sign demand hasn’t cooled despite fewer transactions closing.
What Buyers and Sellers Need to Know
✨ Sellers: Inventory is at its lowest July level in three years and homes are still closing above asking price. With a sales-to-list ratio of 107.19% and just 1.52 months of supply, conditions strongly favor sellers — and with days on market near a three-year low, well-priced homes are moving fast.
🔍 Buyers: With only 38 homes available and days on market at 27, the pool is thin but moving quickly. New listings ticked up to 24 this month, still their highest July level in three years — be ready to move decisively when the right home appears, and lean on data, not emotion, when shaping an offer.
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