A Current Summary of the New Canaan Real Estate Market to date as of August 23, 2008

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Residential Homes on the Market 233


Residential Sales to Date 2008 130
Residential Sales to Date 2007 203
Percent decline from 2007 to 2008 36%


Average Selling Price to date 2008 $2,200,523
Average Selling Price to date 2007 $2,326,233
Percent decline from 2007 to 2008 5.5%


Average Median Price to date 2008 $1,735,000
Average Median Price to date 2007 $1,800,000
Percent decline from 2007 to 2008 3.7%

*As of August 23, 3008