Trumbull CT Real Estate Market Update Week of January 31, 2012

TRUMBULL CT HOMES: Trumbull's market continues to be one of the hottest around! As of this morning, there are 174 homes that are actively on the market, and expect inventory to start to increase in the coming weeks. Their average market time is 106 days and they are listed at an average price of $425,172. The median list price in Trumbull is $350,950. 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. Two homes 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 five 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 $308,560 and their average market time was 137 days.

TOWNWIDE PENDINGS: There are 28 properties scheduled to close, and their average price is $382,742.

CLOSINGS: There were eleven properties that were reported as sold in this past week, The average list price was $412,872 and their average time on the market was 105 days. There were 77 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 25 condominiums that are available in Trumbull is $314,450. These homes have been listed an average of 134 days, and have an average price of $380,941. The highest priced condo in Trumbull is listed at $599,900. The lowest priced home is $131,937.

No new listings came on the market this week, and no homes came back on the market after being under deposit. Three condominiums had a price change. In the last week, three condominiums went into CTS status, and no properties went into pending status
TOWNWIDE PENDINGS: There is one property scheduled to close.

CLOSINGS: There was one closing reported in the last week and the home was listed at $369,900. There were eleven status changes.

RENTALS: If you are looking for a rent in town, there are 26 homes or apartments available, and they are listed at average price of $2,459 per month. These homes have been on the market approximately 59 days. The median price for a rental is $2,100 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