Trumbull CT Real Estate Market Report June 2012

Trumbull CT  Real Estate Market Report June 2012

Trumbull CT home sales lost a little momentum in June compared to the June 2011.  The Greater Fairfield County MLS had 29 closed sales recorded compared to 42 sales last June.  42 was indeed a hard number to beat.  See the yearly sales chart below.

The good news is that the list. selling and median averages remained relatively flat. WE have been seeing gains. But we'll take flat results instead of decreases.

Other news is that there are 32 homes under deposit and 64 pending home sales.  That is the highest number of pending sales in the yearly analysis.

Can't wait to see what's on 'sale'?  Click here to SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)

Take a look at the year- to-year comparison.

Following the trend started in May, it is important to note that June was a seller's market with 5.83 months of inventory..  See absorption trend below for a more thorough analysis.

Homeowners, if you are thinking of selling, take advantage of a complimentary FREE market analysis on your Trumbull home today.

The sweet spot for sales in June 2012 continued to be in the popular $300K-$400K range, which is where Trumbull home sales are usually the strongest.

What houses sold in Trumbull CT in June 2012?

Trumbull CT June 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of July 12, 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 5.51 months for the last three months.  This is the second month in a row in seller's market territory.  Sellers rejoice!!

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.  

Note that the June 2011 sales( with 42 sales) were definitely an outlier when compared with the rest of the year. Hard to beat that this month.

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 --July 12, 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 June 2012