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Trumbull CT Single Family Real Estate Market Report for July 2011

By
Real Estate Agent with Better Homes and Gardens RE Shore and Country Properties RES.0781237

Trumbull CT Single Family Real Estate Market Report for July 2011

 

Trumbull CT single family home sales for July 2011 went UP 63% as compared to July 2010. 

List and selling prices followed with strong INCREASES coming in at 26% and 24% respectively. 

The median registered at a 12% INCREASE. 

Days on the market went DOWN by an incredible 21%.  Now THAT is GOOD NEWS for Trumbull.

Trumbull CT July 2011 Market Report

 

What houses sold in Trumbull CT in July 2011?

 

Trumbull CT July 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS)

Trumbull CT July 2011 Property Transfers

 

What was the HOT price range in Trumbull CT for July 2011?

52% of homes sales fell in the  $200K-$400K range showing where the demand is.  Outside of those ranges, sellers have to be a bit more agressive with pricing to effect a quick sale.

 

Home sold in Trumbull CT in July 2011

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 7.10 months for the last three months.

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.  

Trumbull CT Homes for Sale Absorption trend

Moving forward into August there are 22 homes under deposit and 27 pending sales (under contract). 

While sales for July 2011 were up considerably over the same period last year, they did go down from June 2011.  However, they are still way up over the other months in 2011.

 

 

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. Not everyone provides the same services.  

Trumbull CT Single Family Real Estate Market Report for July 2011

Date Source: Greater Fairfield County Multiple Listing Service -- August 8, 2011. No representation or warranty is made to the accuracy of this information.

  

Comments (5)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Barbara, you have been experiencing some amazing increases in sales in your area.

Aug 08, 2011 02:23 PM
Maggie McFarland
RE/MAX Pearland - Maggie McFarland - Pearland, TX
Pearland Realtor, Homes for Sale in Pearland Texas

Hi Barbara! Congrats on the INCREASE!! That's great news! Hope it continues!

Aug 08, 2011 02:49 PM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Yes, George, it certainly has been encouraging.

Maggie -- I hope it continues as well.  Buyers need to get in now.  Those interest rates are not going to stay where they are forever!

Aug 09, 2011 02:50 AM
Kathryn Acciari
Central One Federal Credit Union - Shrewsbury, MA
Mortgage Loan Originator

Nice to see that your market is heading in the right direction, Barbara.  I hope those trends continue.  Great report, by the way.

Aug 09, 2011 12:03 PM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Kathryn -- It's great to see it all trending upward or just not jumping around as much. This is good news that I hope continues.

Aug 09, 2011 02:12 PM