Trumbull CT Real Estate Market Report Week of December 3, 2012

TRUMBULL CT HOMES: As of this morning, there are 128 homes that are actively on the market. The average market time is 96 days,  and their *cumulative market time is 176 days.  These available properties are listed at an average price of $448,238. The median list price in Trumbull is $399,900. The highest priced home in town is listed at $1,199,000 and the lowest priced home is available at $152,000.

This week, we saw 11 new listings come on the market, and three homes came back on the market after being under deposit. There were eight properties that had a price change. There were seven properties that went under the initial deposit stage, which we call CTS, and 10 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 $390,850.

TOWNWIDE DEPOSITS:  There are  17 properties townwide in the initial stage of deposit (which we call CTS) and an additional 60 properties that are scheduled to close, and their average price is $356,179.

CLOSINGS: great Week for closings! There were eighteen properties that were reported as sold in this past week, The average list price was $382,094 and their average time on the market was 84 days. There were 71 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 11 condominiums that are available in Trumbull is $299,000. These homes have been listed an average of 108 days,  with an average cumulative market time of 109 days, and have an average price of $332,582. The highest priced condo in Trumbull is listed at $499,900. The lowest priced home is $180,000.

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 condominium went into CTS status, and no property went into pending status.

TOWNWIDE DEPOSITS: There are three properties currently under CTS status, and no properties are   scheduled to close.

CLOSINGS: There were two closings reported in the last week, and they were listed on average at $334,450. There were six status changes.

RENTALS: If you are looking for a rent in town, there are 18 homes or apartments available, and they are listed at an  average price of $2,156 per month. These homes have been on the market approximately 41 days. The median price for a rental is $2,000 per month.

*Cumulative market time indicates the TOTAL  market time when a home has been listed more than once in short succession.

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.

The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Trumbull?  Contact us!

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

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