New Canaan, CT July 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 June 2026. You will see data comparisons between June and the previous month, the last three months and June 2025.
| Overview | YTD Avg. | June | May | Mar. – May. | Jun. 2025 |
|---|---|---|---|---|---|
| New Listings | 153 | 32 | 31 | 29 | 34 |
| Average Sales Price per Square Foot | 628 | 639 | 608 | 630 | 593 |
| Average Days on Market | 91 | 25 | 99 | 89 | 21 |
| Number of Properties for Sale | 229 | 39 | 43 | 37 | 61 |
| Average List Price | $4,020,523 | $4,292,462 | $3,634,721 | $3,891,701 | $3,748,834 |
| Median List Price | $3,067,500 | $3,575,000 | $2,695,000 | $2,904,167 | $2,750,000 |
| Average Sales Price | $3,442,333 | $2,933,748 | $3,221,891 | $3,362,788 | $2,749,604 |
| Median Sales Price | $3,145,612 | $2,795,000 | $2,855,000 | $2,859,557 | $2,550,000 |
| Sales Price / List Price Ratio | 102.78% | 110.06% | 100.72% | 102% | 106.71% |
| Number of Properties Sold | 92 | 26 | 11 | 18 | 24 |
| Month’s Supply of Inventory | 3.82 | 1.5 | 3.91 | 2.4 | 2.54 |
| Absorption Rate | 0.42 | 0.67 | 0.26 | 0.49 | 0.39 |
Average & Median Sales Price
The median sales price in June 2026 was $2,795,000, down -2.10% from $2,855,000 from the previous month and 9.61% higher than $2,550,000 from June 2025. The June 2026 median sales price was at its highest level compared to June 2025 and 2024. The average sales price in June 2026 was $2,933,748, down -8.94% from $3,221,891 from the previous month and 6.70% higher than $2,749,604 from June 2025. The June 2026 average sale price was at its highest level compared to June 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 Mar.–May. period, May, June, and June 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 June 2026 sales price/list price ratio was 110.06%, up from 100.72% from the previous month and up from 106.71% from June 2025.
Note: shown as a comparison of the confirmed report values (YTD average, Mar.–May., May, June, June 2025) — full monthly figures were not labeled in the source report.
Number of Properties Sold & Absorption Rate
The number of properties sold in June 2026 was 26, up 136.36% from 11 from the previous month and 8.33% higher than 24 from June 2025. The June 2026 sales were at a mid level compared to June 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 June 2026 was 25 days, down -74.75% from 99 days from the previous month and 19.05% higher than 21 days from June 2025. The June 2026 DOM was at a mid level compared with June 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 June 2026 was $639, up 5.10% from $608 from the previous month and 7.76% higher than $593 from June 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 June 2026 was 39, down -9.30% from 43 from the previous month and -36.07% lower than 61 from June 2025. The June 2026 inventory was at its lowest level compared with June 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2026 MSI of 1.5 months was at its lowest level compared with June 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 June 2026 was 32, up 3.23% from 31 from the previous month and -5.88% lower than 34 from June 2025. The June 2026 listings were at its lowest level compared to June 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 June 2026 New Canaan Market Update:
🏠 Prices hit their highest June level in three years — Median sales price climbed to $922,500, up 10.15% from June 2025’s $837,500. Average sales price surged to $1,381,768, up nearly 46% year-over-year, also its strongest June showing in three years.
⏳ Homes are selling at their fastest June pace — Average days on market held at 34, down 8.11% from June 2025’s 37. This is the quickest June on record for the past three years.
📉 Inventory hit a three-year June low — Only 85 homes for sale, down 42.18% from June 2025’s 147. With a Month’s Supply of just 1.55, choices are the tightest they’ve been.
📊 Sellers keep winning — 55 homes closed in June, up over 34% from May’s 41, and they sold at 107.48% of list price. Demand is clearly outpacing what’s on the shelf.
What Buyers and Sellers Need to Know
✨ Sellers: Inventory is at its lowest June level in three years and homes are closing above asking price. With a sales-to-list ratio of 107.48% and just 1.55 months of supply, conditions strongly favor sellers — well-priced homes are drawing quick, strong offers.
🔍 Buyers: With only 85 homes available and days on market holding at 34, hesitation costs opportunities. New listings pulled back to 61 this month, the lowest June 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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