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Trumbull Real Estate Trends

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

Jun

222

Jul

229

Aug

218

Sep

221

Oct

218

Nov

209

Dec

183

Posted Saturday Apr 26