New Canaan, CT December 2025 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 2025 to November 2025. You will see data comparisons between November and the previous month, the last three months and November 2024.
| Overview | YTD Avg. | November | October | Aug. – Oct. | Nov. 2024 |
|---|---|---|---|---|---|
| New Listings | 248 | 11 | 16 | 20 | 10 |
| Average Sales Price per Square Foot | 586 | 608 | 617 | 603 | 531 |
| Average Days on Market | 53 | 70 | 68 | 50 | 62 |
| Number of Properties for Sale | 532 | 32 | 44 | 50 | 51 |
| Average List Price | $4,239,185 | $4,287,216 | $3,760,884 | $4,050,867 | $3,974,549 |
| Median List Price | $3,273,818 | $3,122,000 | $2,900,000 | $3,015,333 | $3,150,000 |
| Average Sales Price | $3,021,622 | $3,203,833 | $3,252,857 | $3,068,276 | $2,980,550 |
| Median Sales Price | $2,571,494 | $2,700,000 | $2,550,000 | $2,554,167 | $2,725,000 |
| Sales Price / List Price Ratio | 103.04% | 98.82% | 98.93% | 101.86% | 102.24% |
| Number of Properties Sold | 194 | 11 | 21 | 23 | 10 |
| Month’s Supply of Inventory | 3.16 | 2.91 | 2.1 | 2.72 | 5.1 |
| Absorption Rate | 0.36 | 0.34 | 0.48 | 0.47 | 0.2 |
Average & Median Sales Price
The median sales price in November 2025 was $2,700,000, up 5.88% from $2,550,000 from the previous month and equal to November 2024. The November 2025 median sales price was at a mid level compared to November 2024 and 2023. The average sales price in November 2025 was $3,203,833, down -1.51% from $3,252,857 from the previous month and 7.49% higher than $2,980,550 from November 2024. The November 2025 average sale price was at its highest level compared to November 2024 and 2023.
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 November 2025 sales price/list price ratio was 98.82%, equal to the previous month and down from 102.24% from November 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in November 2025 was 11, down -47.62% from 21 from the previous month and 10.0% higher than 10 from November 2024. The November 2025 sales were at a mid level compared to November 2024 and 2023. Absorption rate is the avg number of sales per month divided by the total number of available properties.
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 seller’s market. The DOM for November 2025 was 70 days, up 2.94% from 68 days from the previous month and 12.90% higher than 62 days from November 2024. The November 2025 DOM was at its highest level compared with November 2024 and 2023.
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 November 2025 was $608, down -1.46% from $617 from the previous month and 14.50% higher than $531 from November 2024.
Inventory & MSI
The number of properties for sale in November 2025 was 32, down -27.27% from 44 from the previous month and -37.25% lower than 51 from November 2024. The November 2025 inventory was at its lowest level compared with November 2024 and 2023. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2025 MSI of 2.91 months was at its lowest level compared with November 2024 and 2023.
New Listings
The number of new listings in November 2025 was 11, down -31.25% from 16 from the previous month and 10.0% higher than 10 from November 2024. The November 2025 listings were at a mid level compared to November 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the November 2025 New Canaan Market Update:
🏠 Luxury sales drive prices higher – Average sales price $3.20M, down 1.51% from October's $3.25M, but up 7.49% from last year's $2.98M at highest level compared to November 2024 and 2023. Median $2.70M, up 5.88% from October, matching last year.
⏳ Homes selling slower than last year – Average days on market 70 days, up 2.94% from October's 68 days, and up 12.90% from last year's 62 days at highest level compared to November 2024 and 2023.
📉 Tight inventory creates scarcity – Only 32 homes for sale, down 27.27% from October's 44, and down 37.25% from last year's 51 at lowest level in three years. Ultra-low 2.91 months supply also at lowest level in three years.
📉 Sales volume up from last year – 11 homes closed, down 47.62% from October's 21, but up 10% from last year's 10 at mid level compared to November 2024 and 2023.
What Buyers and Sellers Need to Know
✨ Sellers: Extreme scarcity with 2.91 months inventory—lowest in three years. However, homes selling just below list price at 98.82%, down from 102.24% last year. Limited supply of 32 homes still creates negotiating advantage despite pricing pressure.
🔍 Buyers: Significantly reduced competition with 37% less inventory than last year. Properties taking 70 days on market provides more decision time. Price per square foot up 14.50% to $608, but sub-list pricing indicates negotiation opportunities in this selective market.
Want Personalized Advice?
Have thoughts or questions? Let me know what you think!
Feel free to reach out anytime—and don’t forget to like and subscribe for more updates on the Weston market!
