Trumbull CT Real Estate Market Report August 2012

Trumbull CT  Real Estate Market Report August 2012

WOW!.... The Trumbull CT real estate market report for August 2012 proved to be an AWESOME month in home sales. 

Sales INCREASED 74% (yes, you read that right) as compared to August 2011 sales.  The Greater Fairfield County MLS had 47 closed sales recorded compared to 27 sales last August.  (see chart below)

Sales were also up 46% since last month.  (July 2012).

The same year-to-year comparison showed a STABILIZATION  in list and selling averages.  Both went up only 1% but the median came down 5%. 

Other news is that there are 26 homes under deposit and 66 pending home sales.  September sales should be as strong with hopefully continued  stability in the averages. 

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 August was a SELLER's MARKET with 3.40 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.  Trumbull NEEDS INVENTORY!!  Now is the time to get a well prepared, well priced home on the market!

The sweet spot for sales in August 2012 moved UP from the popular and monthly favorite $300-$400K range to the $400K-500K range.                                              

What houses sold in Trumbull CT in August 2012?

Trumbull CT August 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of September 17, 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 4.44 months for the last three months.  This is the FOURTH month in a row in seller's market territory. 

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.  

Awesome August for Trumbull home sales!

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 --September 17, 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 August 2012