Trumbull CT Real Estate Market Weekly Update December 20, 2011

TRUMBULL CT HOMES: WE haven't seen the Trumbull market this good in a few years! As of this morning, there is anout a ten percent dip in inventory from just last week,and there are only 180 homes that are  actively on the marke. Their average market time is 111 days and they are listed at an average price of $434,072. The median list price in Trumbull is $354,900. The highest priced home in town is listed at $1,149,000 and the lowest priced home is available at $169,500.

This week, we saw four new listings come on the market. One home came back on the market after being under deposit. There were three properties that had a price change. There were four properties that went under the initial deposit stage, which we call CTS, and eleven 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 $410,951 and their average market time was 113 days.

TOWNWIDE PENDINGS: There are 35 properties scheduled to close, and their average price is $400,060.

CLOSINGS:  There were five properties that were reported as sold in this past week, The average list price was $297,180 and their average time on the market was 100 days. There were 36 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 24 condominiums that are available in Trumbull is $307,000. These homes  have been  listed an average of 139 days, and have an average price of $372,639. The highest priced condo in Trumbull is listed at $649,900. The lowest priced home is $131,937.

Two new listings  came on the market this week, and no homes came back on the market after being under deposit. No condominiums had a price change. In the last week, no condominiums  went into CTS status, and no properties went into pending status.

TOWNWIDE PENDINGS: There are no properties scheduled to close.

CLOSINGS: There were two closings reported in the last week, and the their average listing price was $299,450. There were six status changes.

RENTALS: If you are looking for a rent in town, there are 22 homes or apartments available, and they are listed at average price of $2,305 per month. These homes have been on the market approximately 65 days. The median price for a rental is $2,100 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