Trumbull CT Real Estate Market Report and Homes Sold February 2013

The Trumbull CT real estate market report for February 2013  showed a 21% decrease in sales over the same period last year, with listing and sales averages both decreasing 13% and 15% respectively.  

Days on the market went DOWN 19% AND market absorption came in with 7.40 months supply of homes, back soundly into buyer's market territory.

Over the last few months, sales have been heavier in the lower priced properties with little to no action in the upper end price ranges.  Therefore, averages have been lower than usual. 

What is currently 'on sale' in Trumbull?

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Moving forward, there are 30 homes under deposit and 52 pending home sales.

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 February 2013 sat squarely in the  $200K-$400K range, with the last few months teetering back and forth between the $200K-$300K and $300K - $400K ranges.

What houses attracted buyers and sold in Trumbull CT in February 2013?

Trumbull CT February 2013 Property Transfers
(as recorded in the Greater Fairfield County MLS as of March 5, 2013)  

The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 5.64 months for the last three months. This is the NINTH month in a row in seller's market (below 6 months) territory in the trend analysis. 

It is VERY important to note that the 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.  

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 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 5, 2013. No representation or warranty is made to the accuracy of this information.

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Trumbull CT Real Estate Market Report and Homes Sold February 2013