New Canaan apparently has a “hot” housing market.

Brokerage firm ZipRealty reported this week that homes in the upscale town sold for an average of 105.5 percent of list price in last year’s fourth quarter.

There were no other Connecticut towns in ZipRealty’s analysis where homes were selling above the list price. 

The median home price in New Canaan has topped $1 million since 2001, according to The Warren Group.

It rose to more than $1.68 million in 2007, before declining to just over $1.55 million in 2008.

The median price for single-family homes sold in the first 11 month of 2009 fell to about $1.3 million, according to The Warren Group.

For people who can afford it, New Canaan is surely a “hot” housing market. For most other people, it’s just a ritzy town where housing costs are way out of reach.