Trumbull CT Single Family Real Estate Market Report for January 2012

Trumbull CT Single Family Real Estate Market Report for January 2012

So....what's UP in Trumbull CT? The single family home sales for January 2012 were UP 22% over January 2011. List and selling prices increased 2% and 3% respectively with the median going UP 16%.

Days on the market went DOWN 9% -- always a good thing for sellers to hear!

The sweet spot for sales was in the popular $300K-$400K range, with sales checking in in almost every range.

What houses sold in Trumbull CT in January 2012?

Trumbull CT January 2012 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 6.69 months for the last three months, about on par with 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.

Sales remained the same as last month and holding steady -- so different from the erratic averages prior. Stability AND increase in the averages. The Trumbull single family market is healthy and moving full steam ahead.

Going forward into February there are 34 homes under deposit and 35 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 -- February 9, 2012. 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 January 2012