New Canaan, CT January 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 2025 to December 2025. You will see data comparisons between December and the previous month, the last three months and December 2024.
| Overview | YTD Avg. | December | November | Sep. – Nov. | Dec. 2024 |
|---|---|---|---|---|---|
| New Listings | 249 | 1 | 11 | 17 | 5 |
| Average Sales Price per Square Foot | 586 | 593 | 608 | 603 | 645 |
| Average Days on Market | 52 | 38 | 70 | 57 | 56 |
| Number of Properties for Sale | 560 | 27 | 33 | 44 | 41 |
| Average List Price | $4,245,847 | $4,427,848 | $4,182,755 | $4,013,923 | $4,297,561 |
| Median List Price | $3,256,667 | $3,195,000 | $2,995,000 | $3,014,000 | $3,725,000 |
| Average Sales Price | $3,046,954 | $3,325,600 | $3,203,833 | $3,164,863 | $2,211,167 |
| Median Sales Price | $2,615,536 | $3,100,000 | $2,700,000 | $2,612,500 | $1,600,000 |
| Sales Price / List Price Ratio | 103.25% | 105.48% | 98.82% | 100.83% | 106% |
| Number of Properties Sold | 214 | 20 | 11 | 15 | 15 |
| Month’s Supply of Inventory | 3.02 | 1.35 | 3 | 3.26 | 2.73 |
| Absorption Rate | 0.39 | 0.74 | 0.33 | 0.34 | 0.37 |
Average & Median Sales Price
The median sales price in December 2025 was $3,100,000, up 14.81% from $2,700,000 from the previous month and 93.75% higher than $1,600,000 from December 2024. The December 2025 median sales price was at its highest level compared to December 2024 and 2023. The average sales price in December 2025 was $3,325,600, up 3.80% from $3,203,833 from the previous month and 50.40% higher than $2,211,167 from December 2024. The December 2025 average sale price was at its highest level compared to December 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 December 2025 sales price/list price ratio was 105.48%, up from 98.82% from the previous month and equal to December 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in December 2025 was 20, up 81.82% from 11 from the previous month and 33.33% higher than 15 from December 2024. The December 2025 sales were at its highest level compared to December 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 December 2025 was 38 days, down -45.71% from 70 days from the previous month and -32.14% lower than 56 days from December 2024. The December 2025 DOM was at its lowest level compared with December 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 December 2025 was $593, down -2.47% from $608 from the previous month and -8.06% lower than $645 from December 2024.
Inventory & MSI
The number of properties for sale in December 2025 was 27, down -18.18% from 33 from the previous month and -34.15% lower than 41 from December 2024. The December 2025 inventory was at its lowest level compared with December 2024 and 2023. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2025 MSI of 1.35 months was at its lowest level compared with December 2024 and 2023.
New Listings
The number of new listings in December 2025 was 1, down -90.91% from 11 from the previous month and -80.0% lower than 5 from December 2024. The December 2025 listings were at its lowest level compared to December 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the December 2025 New Canaan Market Update:
🏠 Prices surged year-over-year – Median sales price is $3,100,000, up 14.81% from November and up 93.75% year-over-year. Average sales price is $3,325,600, up 3.80% from November and up 50.40% year-over-year. December median at 3-year high.
⚡ Lightning-fast market – Average days on market plummeted to 38 days, down 45.71% from November and down 32.14% year-over-year. Fastest December on record.
📉 Inventory at three-year low – 27 homes for sale, down 18.18% from November and down 34.15% year-over-year. Only 1.35 months supply—lowest December MSI in three years.
📈 Sales surged – 20 homes closed in December, up 81.82% from November and up 33.33% year-over-year. Strong absorption rate of 0.74 signals robust demand.
What Buyers and Sellers Need to Know
✨ Sellers: Exceptional market with prices soaring—median up 94% year-over-year and homes selling above list at 105.48%. Lightning-fast 38-day DOM and ultra-tight 1.35-month supply create fierce competition.
🔍 Buyers: Ultra-competitive seller's market with inventory crashed 34% year-over-year. Median jumped $1.5M from last December—quick decisions critical as homes move 32% faster than last year.
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