New Canaan 2016 4th Quarter Real Estate Market Report

For most of 2016, local markets in Darien and New Canaan were driven by a nagging oversupply of inventory and a resulting lack of urgency on the part of homebuyers. As such, the picture painted by the typical year-end statistics is not particularly pretty for sellers: The number of homes sold in Darien and New Canaan during 2016 was down 10.3% and 24.3%, respectively, compared to the 2015 totals.

That said, a careful look at the fourth quarter (particularly the post-election period) reveals some compelling reasons for optimism. Consider the following:

New Canaan year-end pending sales are higher. In New Canaan, the number of transactions pending on December 31, 2016 was 28, compared to only 13 pending transactions on that date in 2015; this marks a year-over-year increase of 115.4% in pending sales activity. For more detailed information..

Click on the image below to view and download the

2016 New Canaan 4th Quarter Market Report.

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About Wendy Fog

Wendy Dixon Fog is consistently a Top Selling and Listing Agent with Houlihan Lawrence Real Estate in New Canaan, Ct. To receive a free home evaluation, up to date property listings, or search for that perfect home in the MLS please email wendy@wendyfog.com or call/text at 203-979-6277.

houlihan-lawrence-real-estateHoulihan Lawrence Real Estate | 161 Elm Street, New Canaan, CT 06840

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