Trumbull CT- Weekly Real Estate Market Statistics Report - October 18, 2011

TRUMBULL CT HOMES:  Trumbull remains a good, steady market. Much different than this time last year, and even much better than it was in the first and second quarters of 2011. Trumbull's market  is still going strong.  

As of this morning, there are 232 homes actively on the market for an average of 88 days and they are listed at an average price of $434,640. The median list price in Trumbull is holding at $364,900. The highest priced home in town is listed at $1,195,000 and the lowest priced home is available at $149,900.

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 10.71 months, and is up just slightly from last week. The goal for a neutral market is six months.

This week, we saw eleven new listings come on the market,and no homes  came back on the market after being under deposit.  There were 14 properties that had a price change. There were five properties that went under the initial deposit stage, which we call CTS, and four properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average list price was $515,725 and their average market time was 177 days.

CLOSINGS:  There were five properties that were reported as sold in this past week. The average list price was $307,840 and their average time on the market was 97 days. There were 46 status changes in the last week.

TRUMBULL CT CONDOS: The median price of a condo in Trumbull is $331,400.  The 33 condominiums that are available have been  listed an average of 127 days, and have an average price of $371,992. The highest priced condo in Trumbull is listed at $569,900. The lowest priced home is $131,937.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 9 months, and is down slightly over last week. We should look to the 6-7 month range here as a neutral market

No new listings  came on the market this week, and one home came back on the market after being under deposit. Two condominiums had a price change. In the last week. Two  condominiums went into CTS status, and one property went into pending status. CLOSINGS: There were no closings  reported last week.
There were seven status changes.

RENTALS: If you are looking for a rent in town, there are 19 homes or apartments available, and they are listed at average price of $2,247 per month. These homes have been on the market approximately 48 days. The median price for a rental is $2,000 per month.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.

If you have a question about buying or selling Real Estate in Trumbull, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy

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