Trumbull CT - Weekly Real Estate Market Statistics Report - September 13, 2011

TRUMBULL CT HOMES: As of this morning, there are 226 homes actively on the market for 95 days and are listed at an average of $439,078. The median list price in Trumbull has risen slightly to  $369,450. The highest priced home in town is listed at $1,195,000 and the lowest priced home is available at $149,000.

SINGLE FAMILY HOME INVENTORY based upon current absorption rate: 8.28 months

This week, we saw eight new listings come on the market, and no homes that came back on the market after being under deposit.  There were 13 properties that had a price change. There were six properties that went under the initial deposit stage, which we call CTS, and five properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average market time was 59 days.

CLOSINGS:  There was one property that s was reported as sold in this past week. The list price was $444,900 and it was on the market for 109 days. There were 44 status changes in the last week.

TRUMBULL CT CONDOS: The median price of a condo in Trumbull is $331,400.  The 34 condominiums that are available have been  listed an average of 98 days, and have an average price of $371,609.  The highest priced condo in Trumbull is listed at $569,900. The lowest priced home is $131,937.

CONDOMINIUM  INVENTORY based upon current absorption rate: 11.33 months

No new listings  came on the market this week, and no homes came back on the market after being under deposit. One  condominium had a price change. In the last week, no condominiums went into CTS status, and no properties went into pending status. CLOSINGS: There were no closings  reported last week.There were two status changes for the week. .

RENTALS: If you are looking for a rent in town, there are 20 homes or apartments available, and they are listed at average price of $2,427 per month. These homes have been on the market approximately 32 days. The median price for a rental is $2,200 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.

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