Trumbull CT Real Estate Market Report ~ March 2012 ~ Home Sales UP 170%
If you thought the Trumbull CT single family home sales in February were looking up, wait until you see March numbers!
Home sales in Trumbull CT were UP a whopping 170% in March 2012 compared to the same period last year.
THEN, hold on....there's more....
List and selling prices INCREASED 11% and 12% respectively AND the median went UP as well -- 11%.
Still MORE.....
Days on the market went DOWN 53%. That's right.....53%!!
Take a look....
Ready for more good news?
Moving forward, there are 35 homes under deposit and 48 homes under contract! April sales numbers should be fantastic as well.
Trumbull home sales continue to be 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 OFF that proverbial fence and get serious. With still low interest rates, housing prices showing an increase, and an obvious increase in demand, there may not be another time like this to purchase for a very long time.
The sweet spot for sales in March 2012 was in the $400K-$500K range, with sales historically more centered in the $300K-$400K. But the 300K-500K range is clearly where the action is.
What houses sold in Trumbull CT in March 2012?
Trumbull CT March 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of April 6, 2012)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 7.63 months for the last three months. Absorption for March was 6.41, moving into a balanced market. (See first chart)
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.
March 2012 sales were the highest recorded since August 2011. October - February graphically indicates a 'bottom'.
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 -- April 6, 2012. No representation or warranty is made to the accuracy of this information.
SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)
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Trumbull CT Real Estate Market Report ~ March 2012 ~ Home Sales UP 170%
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