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Trumbull CT Real Estate Market Report and Homes Sold ~ A July 2013 Sales BOOM!

By Barbara Altieri

Real Estate Agent with Better Homes and Gardens RE Shore and Country Properties RES.0781237

August 19, 2013 06:56 AM

The Trumbull CT real estate market report for July 2013 showed a BOOMING 88% INCREASE in sales as compared to the same period last year, with listing and sales averages both INCREASING 9% and 11% respectively. The median price was UP 7%.

Days on the market went DOWN significantly to 26% AND market absorption came in with 2.82 months supply of homes, the lowest it has been in a VERY long time and solidly in seller's market territory with a less than six month supply of homes.

Sales for July continued on an upward trend with sales up 72% from June 2013. July was a phenomenal real estate sales month for Trumbull CT! See yearly chart below.

Trumbull CT July 2013 Real Estate Market Report

What is currently 'on sale' in Trumbull?

Click here to SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)

Futures are still looking good with 42 homes under deposit and 59 homes under contract.

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 July 2013 again landed in the $300K-$400K range -- A VERY solid performance with 24 sales! If you are a seller in this range, get your home prepared to sell with effective pricing, staging, and marketing and you should have a quick sale!

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

Trumbull CT July 2013 Homes Sold
(as recorded in the Greater Fairfield County MLS as of August 19, 2013)

Trumbull CT July 2013 Homes Sold

The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 3.95 months for the last three months and is the lowest number in the last year.

However, 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.

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 -- August 19, 2013. No representation or warranty is made to the accuracy of this information.