New Canaan Real Estate Prices and Sales

[image title=”bh-market-stats-table-1910″ size=”large” id=”790″ align=”none” alt=”Recent market statistics as of April 9, 2010″ linkto=”viewer” ]
Pending Sales, which are not included in this chart, continued to rise during the month of March which is traditionally one of the busiest for real estate transactions. Currently there are 29 single family residences and 5 condominiums under contract. Prices are up slightly, but on average still below October 2009 prices.
The month of April should post similar numbers as the spring market is in full swing. It will be interesting to see what it looks like after the tax credit expires although in our market that has not been a primary factor. Interest rates seem to be the driving force and with the end of the Fed’s MBS purchase program this will pressure the Bond prices lower and home loan rates higher. While it is encouraging to see selling prices up home owners should be cautious in interpreting the data. The key to selling in this market is sharp pricing.

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 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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