Trumbull CT Housing and Real Estate Market Report 11/27/13

As of this morning, there are 140 homes that are actively on the market. The average market time is 124 days,  and their *cumulative market time is 146 days.  These available properties are listed at an average price of $463,092. The median list price in Trumbull is $439,900. The highest priced home in town is listed at $1,495,000 and the lowest priced home is available at $149,900.

This week, we saw six new listings come on the market, and one home come back on the market after being under deposit. There were five properties that had a price change. There were eight properties that went under the initial deposit stage, which we call CTS, and seven 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 $341,957.

TOWNWIDE DEPOSITS:  There are 37 properties townwide in the initial stage of deposit (which we call CTS) and an additional 33 properties that are scheduled to close, and their average price is $439,147.

CLOSINGS:  There were 14 properties that were reported as sold in this past week, The average list price was $351,607 and their average time on the market was 93 days. There were 47 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 10 condominiums that are available in Trumbull is $330,000. These homes have been listed an average of 93 days,  with an average cumulative market time of 93 days, and have an average price of $339,620. The highest priced condo in Trumbull is listed at $479,500. The lowest priced home is $193,900.

There were no new listings reported in the last week,  no homes came back on the market,  and one property had a price change.  One home went into CTS status  and no homes went into pending status. There were four status changes reported.

TOWNWIDE DEPOSITS: There are six properties currently under CTS status, and two properties  scheduled to close, with an average list price of $322,400.

CLOSINGS: There were two closings reported in the last week, and they were listed on average at $291,700.

RENTALS: If you are looking for a rent in town, there are 22 homes or apartments available, and they are listed at an  average price of $2,584 per month. These homes have been on the market approximately 52 days. The median price for a rental is $2,600 per month.

*Cumulative market time indicates the TOTAL  market time when a home has been listed more than once in short succession.

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.

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The Featured Home of the Week is a 3 bedroom, 2 bath ranch home at 20 Hickory Drive, Westport  for just $549,900. See the virtual tour HERE 

 .....or better yet, call Judy to schedule an appointment to see it!

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Buying or Selling a Home in Trumbull?  Contact us!

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

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