Trumbull CT Real Estate Weekly Market Report 5/3/11

TRUMBULL CT HOMES: Finally coming into its own market, Trumbull is beginning to see some consistency similar to neighboring towns. Not completely into the spring market as much as we'd hoped, but things are looking up!

The median list price in Trumbull is $384,900. The market is continuing to  improve.  As of this morning, there are 198 homes actively on the market for  86 days and are listed at an average of $479,026. This week, we saw eight new listings come on the market, including one home that came back on the market after being under deposit.  There were  nine properties that had a price change. There were ten properties that have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS: There were 10  properties that sold this past week. The average list price was $381,150 and these homes were on the market an average of 84 days. There were 56 status changes in the last week.

TRUMBULL CT CONDOS: The median price of a condo in Trumbull is $336,950. The 31 condominiums that are available have been  listed an average of 125 days, and have an average price of $369,901  no new listings  came on the market this week. Three condominiums had a price change. In the last week,  no  condominiums went into CTS status, and one property went into pending status. CLOSINGS: There was one property that closed in the last week which was listed at $369,900 and was on the market for 100 days . There were eight status changes for the week.

RENTALS: If you are looking for a rent in town, there are  12 homes or apartments available, and they are listed at average price of $2,633 per month. These homes have been on the market approximately 52 days.

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.

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