Trumbull CT Single Family Real Estate Market Report ~ February 2012
Trumbull CT single family home sales were sceaming in February -- UP 111.11% over February 2011. That's certainly positive news for the Trumbull housing market.
List and selling prices decreased 6% and 7% respectively with the median going down 11%.
Days on the market went DOWN 25%. Houses are moving!
Now here's some really great news. Moving forward, there are 25 homes under deposit and 49 homes under contract! March and April sales numbers should be fantastic as well.
Trumbull is on the move. Be a part of the action.
Homeowners, if you are thinking of selling, take advantage of a complimentary market analysis today.
Buyers, better get on the wagon. With still low interest rates and housing prices showing stability, there may not be another time like this to purchase for a very long time.
The sweet spot for sales in February 2012 was in the $200K-$300K range, with sales historically more centered in the $300K-$400K range; hence, the lower list and selling averages.
What houses sold in Trumbull CT in February 2012?
Trumbull CT February 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 7.95 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.
Once again, going forward into March there are 25 homes under deposit and 49 pending sales (under contract).
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 -- March 6, 2012. No representation or warranty is made to the accuracy of this information.
SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)
Trumbull CT Single Family Real Estate Market Report ~ February 2012
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