Trumbull CT Real Estate Market Update Week of March 27, 2012

TRUMBULL CT HOMES: Trumbull's market remains one of the hottest markets around. As of this morning, there are 203 homes that are actively on the market. Their average market time is 91 days and they are listed at an average price of $427,604. The median list price in Trumbull is $355,450. 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 eight new listings come on the market. No homes  came back on the market after being under deposit. There were fifteen properties that had a price change. There were thirteen properties that went under the initial deposit stage, which we call CTS, and ten 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 $444,660.

TOWNWIDE PENDINGS: There are 53 properties scheduled to close, and their average price is $399,245.

CLOSINGS: There were seven properties that were reported as sold in this past week, The average list price was $446,071 and their average time on the market was 69 days. There were 57 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 28 condominiums that are available in Trumbull is $337,450. These homes have been listed an average of 66 days, and have an average price of $370,146. The highest priced condo in Trumbull is listed at $599,900. The lowest priced home is $179,900.

Two new listings came on the market this week, and no homes  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 one property went into pending status, and was listed at $439,900.

TOWNWIDE PENDINGS: There are five properties scheduled to close and their average listing price is $429,160.

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 22 homes or apartments available, and they are listed at average price of $2,267 per month. These homes have been on the market approximately 68 days. The median price for a rental remains at $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