Trumbull CT - Real Estate Market Statistics Weekly Report - October 25, 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 230 homes actively on the market for an average of 90 days and they are listed at an average price of $434,703. 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: 10.13 months, and is down just slightly from last week. The goal for a neutral market is six months.

This week, we saw seven new listings come on the market, and one home  came back on the market after being under deposit.  There were 18 properties that had a price change. There were five properties that went under the initial deposit stage, which we call CTS, and six 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 $436,933 and their average market time was 95 days.

There are currently 28 properties townwide that are in Pending status, and tehir average list price is $425,454. They were on the market an average of 110 days.

CLOSINGS:  There were tenproperties that were reported as sold in this past week, adn that is twoce as many as the week before!. The average list price was up over ten percent to $346,700 and their average time on the market was 109 days. There were 55 status changes in the last week.

TRUMBULL CT CONDOS: The median price of a condo in Trumbull is $329,900.  The 31 condominiums that are available have been  listed an average of 131 days, and have an average price of $369,159. The highest priced condo in Trumbull is listed at $564,900. The lowest priced home is $131,937.

CONDOMINIUM  INVENTORY based upon the current absorption rate: 9.3 months. We should look to the 6-7 month range here as a neutral market

One new listing  came on the market this week, and one home came back on the market after being under deposit. One condominium had a price change. In the last week. One condominium went into CTS status, and no properties went into pending status.

There is one condominium pending a sale townwide. It is listed for  $350,000 and was on the market for 63 days

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 21 homes or apartments available, and they are listed at average price of $2,188 per month. These homes have been on the market approximately 44 days. The median price for a rental is $1,900 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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