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Trumbull CT Home Sales for Oct 2008

Trumbull CT Market Report 2008

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

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

All Information pertains to Single Family (SF) homes only. As of Nov 1, 2008: There are 207 ACTIVE listings, AVG Days on Market = 107. Prices range from $189,600 to $1,549,900. 68 of the Active homes are priced UNDER $400,000(this is significant for Trumbull).

The median price (shown in the chart) compared to 2007 is down significantly due to the fact that the most expensive home sold in Oct 2008 was $795,000. However--In 2007-- 6 homes sold in Oct were over $700,000 and 3 were over 1 million.

23 homes closed in Oct 2008, compared to 26 for July 2007, 20 of the 207 Active listings are UNDER DEPOSIT AND 32 are PENDING and due to Close.

SF Solds

1st QTR

Avg Sale Price

2nd QTR

Avg Sale Price

3rd QTR

Avg Sale Price

4th (Oct)

Avg Sale Price

2008

52

$453,090

92

$478,207

73

$468,610

23

$438,174

2007

69

$518,925

115

$527,402

114

$524,210

78

$508,453

2008(Jan-Oct)240 Homes Sold, AVG $ = $466,009, AVG Days/ on Market = 85

2007(all) - 376 Homes Sold, AVG Price = $520,948, AVG Days on Market = 94

Posted Saturday Nov 01