Trumbull CT Single Family Real Estate Market Report for November 2011

Trumbull CT Single Family Real Estate Market Report for November 2011

Trumbull CT single family home sales for November 2011 were down 8.7% over November 2010. List and selling prices decreased 4% and 5% respectively with the median being down 14%.

57% of sales were in the $200K-$400K range, which accounts for the slight decrease in list and selling averages. Trumbull has consistently been averaging in the $300K - $400K range.

What houses sold in Trumbull CT in November 2011?

Trumbull CT November 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS)

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 8.23 months for the last three months, down just a bit from the previous month.

This absorption rate is calculated on all price points. If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurate analysis.

Moving forward into December there are 23 homes under deposit and 29 pending sales (under contract).

SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)

The success in selling your house in TRUMBULL or any other community is dependent upon accurate pricing, effective staging, absorption rate for your particular price point, and having a strong online marketing presence. A house will sell if there is a synergy among all four.

CONTACT ME for advice on how to LIST, MARKET, and SELL your home effectively in today's market. All agents do not provide the same marketing services.

Date Source: Greater Fairfield County Multiple Listing Service -- December 8, 2011. No representation or warranty is made to the accuracy of this information.

SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)

Trumbull CT Single Family Real Estate Market Report for November 2011