Trumbull CT Real Estate Market Statistics Report 5/24/11

TRUMBULL CT HOMES: While Trumbull has been off to a less than stellar start of the spring season, something finally "hit" a few weeks ago, and the town's real estate market seems to be making up for lost time! A six percent  increase of inventory over last week, consistent deposits, pendings and sales over the past few weeks are a great sign, even if it comes a little late in the season, (which it has). Now is the time to buy in Trumbull and it's just as good of a time to sell, so if you have been contemplating a move, my advice is to do it!

 As of this morning, there are 219 homes actively on the market for  79 days and are listed at an average of $475,491, and the median list price in Trumbull is $392,000. This week, we saw 17 new listings come on the market, including one home that came back on the market after being under deposit.  There were eight properties that had a price change. There were seven properties that have gone 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. CLOSINGS: There were seven  properties that sold this past week. The average list price was $407,657 and these homes were on the market an average of 75 days. There were 57 status changes in the last week.

TRUMBULL CT CONDOS: The median price of a condo in Trumbull is $336,950. The 28 condominiums that are available have been  listed an average of 139 days, and have an average price of $366,430. One new listing  came on the market this week. Two condominiums had a price change. In the last week, no condominiums went into CTS status, and two properties went into pending status. CLOSINGS: There was one property that closed in the last week which was listed at $349,900 and was on the market for 349 days . There were eight status changes for the week.

RENTALS: If you are looking for a rent in town, there are 16 homes or apartments available, and they are listed at average price of $2,605 per month. These homes have been on the market approximately 52 days. The median price for a rental is $2350 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.