Trumbull CT Real Estate Market Report and Homes Sold October 2012

Trumbull CT Real Estate Market Report and Homes Sold October 2012

The Trumbull CT real estate market report for October 2012 showed a 15% decline in sales as compared to October 2011 sales. The Greater Fairfield County MLS had 22 closed sales recorded compared to 26 sales last October . (see chart below)

The same year-to-year comparison showed an INCREASE in list and selling averages, 20% and 7% respectively. The median came down 14%.

Other news is that there are 27 homes under deposit and 63 pending home sales. .

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

The month of October inched back into a buyer's market, from that elusive seller's market,  with a little over a 6-month supply of inventory.   See the 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 October 2012 moved DOWN to the $200K-$300K range from the typical $300K-500K range. If you're selling or thinking of selling in the higher volume ranges, prepare your house well, get it marketed to the hilt (I can assist with that!) , and buyers will be knocking on your door!

What houses attracted buyers and sold in Trumbull CT in October 2012?

Trumbull CT October 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of November 18, 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 4.00 months for the last three months, still benefiting from the High August bump!  This is the FIFTH month in a row in seller's market territory in the trend analysis. 

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.  

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 --November 18, 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 and Homes Sold October 2012