Trumbull, CT

Provided By: Judy Cicalese, William Raveis Real Estate, Trumbull CT, Information deemed reliable, but not guaranteed. Information pertains to Single Family (SF) homes only.

As you can see from the above chart - 91 fewer homes were sold in 2008 than in 2007. This is a significant decrease and the AVG sold price has dropped as well. The main reason for the AVG price drop is the fact that 91 of those sold in 2008 were priced under $400,000 as this is the price range where homes are selling more quickly.

As of Jan 7, 2009: There are 162 ACTIVE listings, AVG Days on Market = 120. Prices range from $244,900 to $1,549,900. 65 of the Active homes are priced UNDER $400,000---great values right now here in Trumbull for buyers who are ready to buy.

I also think it's important to show a comparison of the homes that Expired (meaning they did not sell during their listing period which is usually 6 months. However, it also important to know that a good majority if not all are then relisted again and perhaps sold. 263 listings expired in 2008 compared with 243 in 2007. It is absolutely critical for Sellers to understand pricing at or below the market value will bring in the buyers. This is not a time to "test" the market.

Provided By: Judy Cicalese, William Raveis Real Estate, Trumbull CT

Information deemed reliable, but not guaranteed. All information per Consolidated MLS.

All Information pertains to Single Family (SF) homes only. As of Nov 1, 2008: There are 207 ACTIVE listings, AVG Days on Market = 107. Prices range from $189,600 to $1,549,900. 68 of the Active homes are priced UNDER $400,000(this is significant for Trumbull).

The median price (shown in the chart) compared to 2007 is down significantly due to the fact that the most expensive home sold in Oct 2008 was $795,000. However--In 2007-- 6 homes sold in Oct were over $700,000 and 3 were over 1 million.

23 homes closed in Oct 2008, compared to 26 for July 2007, 20 of the 207 Active listings are UNDER DEPOSIT AND 32 are PENDING and due to Close.

2008(Jan-Oct)240 Homes Sold, AVG $ = $466,009, AVG Days/ on Market = 85

2007(all) - 376 Homes Sold, AVG Price = $520,948, AVG Days on Market = 94

Provided By: Judy Cicalese, William Raveis Real Estate, Trumbull CT

Information deemed reliable, but not guaranteed. All information per Consolidated MLS.

As of Jun 20, 2008: There are 283 ACTIVE listings with an Average Days on Market = 82 . Prices of Single Family homes range from $264,900 to $1,549,900.

25 of the 283 Active listings are UNDER DEPOSIT AND 42 are PENDING and due to Close.

Comparing 2007 with 2008 Sales for Single Family Sold Homes are the following

(2008 results are through 6/20/08 only for closed sales)

2008 - 119 Homes Sold, AVG Price = $451,867, AVG Days/ on Market = 85
2007 - 376 Homes Sold, AVG Price = $520,948, AVG Days on Market = 94

Trumbull Housing Inventory Trend

April 2008

The numbers are pretty clear. The slow start to home sales in 2008 has inventory levels moving from 11% below last year to 7% above in just four months. The number of homes on the market is approaching historical highs. With this much selection and low interest rates, Buyers should be able to find some great deals. However, they still seem to be waiting for lower rates and lower prices in the months ahead.

Trumbull Home Sales and Real Estate Update

February 2008

Trumbull is following the trend for many of the surrounding towns. This year is running will behind the last two at the start. Two months certainly doesn't tell the entire story. It seems that buyers are staying on the sidelines waiting for the Fed Reserve to finish dropping the interest rates. As long as money is cheaper next month and payments lower, why buy today?

Unit Sales are running almost 50% below last year. Prices are down too. This is going to be a lot to make up for in future months if this is going to get back on track.

The lowest priced home sold so far was - 29 Sunset - a 4 Bedroom Colonial on .14 Acres built in 1931. It sold for $262,000. The highest priced home was 112 Hilltop - a 4 Bedroom Colonial on 1.51 Acres built in 2004. It sold for $737,000.