Trumbull CT Real Estate Market Report and Homes Sold January 2013

The Trumbull CT real estate market report for January 2013  showed a  9% decrease in sales over the same period last year, with listing and sales averages both decreasing 29% and 31& respectively.  

Days on the market went DOWN 4% AND market absorption came in with a 5.75 month supply of homes, up a bit from last month as inventory increased slightly.

Overall, January was certainly not a great month.  Further analysis shows that sales were clustered in lower price ranges than is usually the case (see chart below); hence some justification for the lower than usual averages.

Would you like to see what's on 'sale'?

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Moving forward, there are 21 homes under deposit and 51 pending home sales.

Homeowners, if you are thinking of selling, take advantage of a complimentary FREE market analysis on your Trumbull home today. Trumbull NEEDS INVENTORY!! Now is the time to get a well prepared, well priced home on the market! 

The sweet spot for sales in January 2013 dropped into the $200K-$300K range, from the typically  popular $300K-$400K range for Trumbull.

What houses attracted buyers and sold in Trumbull CT in January 2013?

Trumbull CT January 2013 Property Transfers
(as recorded in the Greater Fairfield County MLS as of February 9, 2013)  

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.11 months for the last three months. This is the EIGHTH month in a row in seller's market territory in the trend analysis. 

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.  

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, 2013. No representation or warranty is made to the accuracy of this information.

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Trumbull CT Real Estate Market Report and Homes Sold January 2013