Trumbull CT Real Estate Weekly Market Update January 24, 2012

TRUMBULL CT HOMES: Trumbull's market continues to be one of the hottest around! As of this morning, there are 166 homes that are actively on the market, and expect inventory to start to increase in the coming weeks. Their average market time is 111 days and they are listed at an average price of $428,409. The median list price in Trumbull is $352,400. The highest priced home in town is listed at $1,100,000 and the lowest priced home is available at $169,900.

This week, we saw ten new listings come on the market. One home came back on the market after being under deposit. There were seven properties that had a price change. There were fourteen properties that went under the initial deposit stage, which we call CTS, and three 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 $334,033 and their average market time was 55 days.

TOWNWIDE PENDINGS: There are 34 properties scheduled to close, and their average price is $385,576.

CLOSINGS: There were six properties that were reported as sold in this past week, The average list price was $469,817 and their average time on the market was 87 days. There were 49 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 26 condominiums that are available in Trumbull is $327,450. These homes have been listed an average of 132 days, and have an average price of $372,001. The highest priced condo in Trumbull is listed at $649,900. The lowest priced home is $131,937.

One new listing 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 condominium went into CTS status, and one property went into pending status that was listed at $550,000.

TOWNWIDE PENDINGS: There is one property scheduled to close.

CLOSINGS: There were no closings reported in the last week. There was three status changes.

RENTALS: If you are looking for a rent in town, there are 27 homes or apartments available, and they are listed at average price of $2,491 per month. These homes have been on the market approximately 57 days. The median price for a rental is $2,075 per month.

Seven Year Annual Trumbull Real Estate Market Recap

2012 Trumbull Real Estate Forecast, Advice and 2011 Recap

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