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.
What houses sold in Trumbull CT in July 2011?
Trumbull CT July 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS)
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.
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.
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.
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