Trumbull CT Single Family Home Sales in 2007

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

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

As of Jan 28, 2008:

161 ACTIVE listings

18 are UNDER DEPOSIT, and 10 are PENDING closing

Average Days on Market is 97 for the current Active listings. The Active Home prices range from: $274,900 to $1,575,000

80 homes have EXPIRED, been WITHDRAWN or CANCELLED since Dec 1, 2007 thru Jan 28, 2008. Sometimes these homes are re-listed perhaps at a lower price or with a different company or simply taken off the market completely.

104 Homes closed during the 4^th Quarter of 2007, with an AVG price of $510,227 and days on market being an AVG of 92.

Comparing 2006 with 2007 Sales for Single Family Sold Homes are the following:

2006 - 385 Homes Sold, AVG Price = $507,615, AVG Days on Market = 78
2007 - 376 Homes Sold, AVG Price = $520,948, AVG Days on Market = 94

The local Trumbull market has slowed somewhat along with surrounding towns but certainly not the doom and gloom people are hearing about. There are record numbers of Price Reductions. What does that mean? It says that homeowners are serious about selling and buyers are out there buying.