TRUMBULL
Market Trends Report
Q1 2013
The Trumbull market has not improved since last year. 9% fewer homes sold in Q1 2013 than at the same time last year. There are 26% fewer listings on the market, but fewer listings could not compensate for the decreased sales and this makes Trumbull the only town we track that actually increased in inventory over last year from 4-5 months of inventory to 5-6 months. Sale prices have decreased by 18% due to fewer sales, especially at the high end of the market.
Last year in Q1 the sale price range was $133,500 to $886,700 with a median sale price of $372,500. 15 homes sold for over $500,000. In Q1 2013, the lowest sale was $90,000 and the highest was $527,000 with a median sale price of $327,000. Only 3 homes sold for over $500,000 in Q1 2013.
The homes most in demand in Trumbull during Q1 2013 were 4 bedroom homes in the $400,000-425,000 price range. They tended to be on the market 96 days and sell at 96% of list price.
If you are thinking of buying or selling in Trumbull, Connecticut, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.
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