Trumbull CT Real Estate Forecast and Advice 2/2011

I am pleased to present to you my real estate market predictions and buying and selling advice for Trumbull, CT. My experience spans over 26 years, and I have seen hot markets come and go, and bad markets come and go. I always find it funny how the media predicts that the real estate market is going up or down in the state, but you know as well as I do, that  each city has its own type of market, and within the city, there are areas that sell faster than others, and homes on particular streets that sell  slower than others. You really cannot generalize the market in a rational way. Deciphering the real estate market, is, and has to be, local and historical.

With that being said, I offer my opinions on the market for the coming months. Everyone's particular situation is different, and  if you need to buy or sell in Trumbull at a particular time, then you should do it. You should also call me to assist you! (OK, Shameless plug) You know people have been asking me for years, "what do you think is going to happen in the real estate market?" and I say, "Well, if I knew that, I probably wouldn't be selling real estate, because I would have some type of amazing talent that NO ONE has ever possessed" That being said, I AM very good at numbers, statistics, and forecasting, so after doing extensive research, calculations, and taking into account the current economic climate, I present to you the following:
 
What's Ahead in General: Current home sales averages at around 20  per month and condos average about 3-4  per month,  and both figures are seasonally adjusted. Trumbull sales seem to peak in June for the year.I do not expect any great changes for single family home sales in  2011. Condo sales, while not brisk, are holding their own.  I think condo sales will remain at the 2010 level with no real spike in sales

ADVICE FOR SELLERS: Is there a better time to sell your home in Trumbull ? Yes, LIST IT NOW!!!  Don't wait. Buyers are out already, no reason to delay. Did you know that Trumbull's  market was virtually unchanged frin the past two years?  It doesn't look like it is going to budge that much this year, either. If you are thinking about selling, remember the interest rates are good, and more buyers qualify right now. I  just wouldn't wait.  If you want to sell your condo, put it on the market NOW!! Your best selling season is through the  end of the school year.  That doesn't mean that if you have a pressing need or desire to sell your home that you should or shouldn't wait, or if your timetable does not coincide with my predictions, so just do what you need to do.

ADVICE FOR BUYERS: If you are looking to buy in Trumbull CT, I would start now, and although I am sure some sellers would not want to hear this, but NEGOTIATE! You have buying power in this town, and since that doesn't come along too often, I would take advantage of it. If you are looking to buy a condo, NEGOTIATE! Now is the time!