Trumbull CT Housing and Real Estate Market Report Week of 6/23/14

BUYER/SELLER ACTION ALERT- Deposit ratios continue to be high, BUT they have cooled off a little bit. There is still time to take advantage of this very good market, which continues to be among the best in the area.

As of this morning, there are 174 homes that are actively on the market. The average market time is 84 days,  and their *cumulative market time is 115 days. These available properties are listed at an average price of $493,419. The median list price in Trumbull is currently $439,900. The highest priced home in town is listed at $1,199,000 and the lowest priced home is available at $165,000.

This week, we saw 18 new listings come on the market, and seven homes come back on the market after being under deposit. There were 23 properties that had a price change. There were six properties that went under the initial deposit stage, which we call CTS, and 15 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 $380,527.

TOWNWIDE DEPOSITS:  There are 42 properties townwide in the initial stage of deposit (which we call CTS) and an additional 60 properties that are scheduled to close, and their average price is $415,018.

CLOSINGS:  There were 15 properties that were reported as sold in this past week, The average list price was $426,100 and their average time on the market was just 44 days. There were 89 status changes in the last week.

TRUMBULL CT CONDOS: The median price of the 19 condominiums that are available in Trumbull is $385,000. These homes have been listed an average of 83 days,  with an average cumulative market time of 92 days, and have an average price of $417,400. The highest priced condo in Trumbull is listed at $749,900. The lowest priced home is $184,900.

There were five new listings reported, no homes came back on the market,  and three properties had a price change. No home went into CTS status  and no homes went into pending status.   There were nine status changes reported.

TOWNWIDE DEPOSITS: There is one property currently under CTS status, and four properties scheduled to close.

CLOSINGS: There was one closing reported in the last week, and the home was listed at $349,900.

RENTALS: If you are looking for a rent in town, there are 17 homes or apartments available, and they are listed at an  average price of $2,482 per month. These homes have been on the market approximately 31 days. The median price for a rental is $2,400 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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Thinking of selling your home in Trumbull?

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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