Trumbull CT Real Estate Weekly Market Report February 28, 2012

TRUMBULL CT HOMES: Trumbull's market continues to be one of the hottest around! As of this morning, there are 191 homes that are actively on the market, and expect inventory to start to increase in the coming weeks. Their average market time is 97 days and they are listed at an average price of $425,092. The median list price in Trumbull is $349,900. 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 fifteen new listings come on the market. Two homes came back on the market after being under deposit. There were five properties that had a price change. There were ten properties that went under the initial deposit stage, which we call CTS, and thirteen 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 $423,192.

TOWNWIDE PENDINGS: There are 37 properties scheduled to close, and their average price is $410,691.

CLOSINGS: There were five properties that were reported as sold in this past week, The average list price was $346,720 and their average time on the market was 105 days. There were 55  status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 22 condominiums that are available in Trumbull is $382,450. These homes have been listed an average of 89 days, and have an average price of $403,431. The highest priced condo in Trumbull is listed at $599,900. The lowest priced home is $179,900.

Three new listings came on the market this week, and no homes  came back on the market after being under deposit. Two condominiums had a price change. In the last week, two condominiums went into CTS status, and one property went into pending status.

TOWNWIDE PENDINGS: There are two properties scheduled to close and thero average listing price is $347,200.

CLOSINGS: There were two closings reported in the last week, amd their average list price was $172,450. There were eleven status changes.

RENTALS: If you are looking for a rent in town, there are 23 homes or apartments available, and they are listed at average price of $2,416 per month. These homes have been on the market approximately 76 days. The median price for a rental is $2,075 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.

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