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.
Month | Number of Homes for Sale | ||
| 2007 | 2008 |
|
Jan | 170 | 151 | -11% |
Feb | 168 | 165 | -2% |
Mar | 176 | 176 | 0% |
Apr | 184 | 197 | 7% |
May | 212 |
|
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Jun | 222 |
|
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Jul | 229 |
|
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Aug | 218 |
|
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Sep | 221 |
|
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Oct | 218 |
|
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Nov | 209 |
|
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Dec | 183 |
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