Trumbull CT Real Estate Market Update Week of March 20, 2012

TRUMBULL CT HOMES: Trumbull's market remains one of the hottest markets around. As of this morning, there are 201 homes that are actively on the market.Their average market time is 91 days and they are listed at an average price of $427,972. 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 $175,000.

This week, we saw seven new listings come on the market. One home  came back on the market after being under deposit. There were thirteen properties that had a price change. There were seven 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 $439,313.

TOWNWIDE PENDINGS: There are 49 properties scheduled to close, and their average price is $398,693.

CLOSINGS: There were four properties that were reported as sold in this past week, The average list price was $339,675 and their average time on the market was 74 days. There were 46 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 25 condominiums that are available in Trumbull is $339,900. These homes have been listed an average of 66 days, and have an average price of $380,212. The highest priced condo in Trumbull is listed at $599,900. The lowest priced home is $179,900.

One new listing 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, one condominium went into CTS status, and two properties went into pending status. Their averagel ist price was $334,450.

TOWNWIDE PENDINGS: There are five properties scheduled to close and their average listing price is $492,160.

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

RENTALS: If you are looking for a rent in town, there are 24 homes or apartments available, and they are listed at average price of $2,364 per month. These homes have been on the market approximately 64 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