Trumbull CT Real Estate Market Update February 7, 2012

TRUMBULL CT HOMES: Trumbull's market continues to be one of the hottest around! As of this morning, there are 175 homes that are actively on the market, and expect inventory to start to increase in the coming weeks. Their average market time is 103 days and they are listed at an average price of $424,987. The median list price in Trumbull is $346,950. 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. No homes came back on the market after being under deposit. There were four properties that had a price change. There were thirteen properties that went under the initial deposit stage, which we call CTS, and eight 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 $378,375 and their average market time was 76 days.

TOWNWIDE PENDINGS: There are 30 properties scheduled to close, and their average price is $387,503.

CLOSINGS: There were eight properties that were reported as sold in this past week, The average list price was $347,725 and their average time on the market was 106 days. There were 54  status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 23 condominiums that are available in Trumbull is $314,450. These homes have been listed an average of 105 days, and have an average price of $380,284. The highest priced condo in Trumbull is listed at $599,900. The lowest priced home is $131,937.

One new listing came on the market this week, and one home came back on the market after being under deposit. No condominiums had a price change. In the last week, one condominium went into CTS status, and no properties went into pending status

TOWNWIDE PENDINGS: There are no  properties scheduled to close.

CLOSINGS: There were two closings reported in the last week and their average list price was $459,950. Average market time for these homes was 108 days. There were ten status changes.

RENTALS: If you are looking for a rent in town, there are 25 homes or apartments available, and they are listed at average price of $2,480 per month. These homes have been on the market approximately 68 days. The median price for a rental is $2,100 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