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north canaan

North Canaan is located at the junctions of Route 44 and Route 7 in the northwest corner of Connecticut. The town was incorporated in 1858 when it separated from the Town of Canaan (Falls Village). The town is governed by a Board of Selectmen, Board of Finance and traditional New England style Town Meeting.

The town center of North Canaan is locally known as Canaan. Canaan was built around where the former Central New England Railroad east-west tracks connecting Hartford, Connecticut and Poughkeepsie, NY cross the active Housatonic Railroad north-south tracks connecting Danbury, Connecticut and Pittsfield, Massachusetts. The Canaan Union Depot, completed in 1872, was build adjacent to this railroad intersection. The Canaan Union Depot is the largest Victorian railroad station in the United States. It has been restored after a fire in 2001 and is now open to the public.

info stats

LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS

  • The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.

  • Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.

  • Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area.  Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.

market reports

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