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Trumbull CT Real Estate Market Report and Homes Sold May 2014

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

Home sales in Trumbull CT for May 2014 showed a 37% decrease in sales from the same period last year.  However, listing and selling averages went up 9% and 8% respectively.  The median followed with a 10% increase.

Days on the market went DOWN 27%.  The market absorption rate jumped back up with 7.91 months supply of homes, back statistically into a buyer's market for the month.  That means at the current pace, it would take 7.91 months to sell off the inventory of 174 homes.

  

Trumbull CT May 2014 Real Estate Market Report

 

What is currently 'on sale' in Trumbull?

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

 

Future closings will result from 42 homes under deposit and 60 homes under contract.  June will definitely be a better months for closed sales.

  

Homeowners, if you are thinking of selling, take advantage of a complimentary FREE market analysis on your Trumbull home today.

 

Sellers:  Please read Biggest Home Seller Mistakes if you are thinking of listing your home.  What do you think is the BIGGEST mistake?

 

The sweet spot for sales in May  2014 stayed in the most popular $300K-$400K range.  If you are a seller in either range, get your home prepared to sell with effective pricing, staging, and marketing and you WILL have a quick sale! 

 

  

What houses attracted buyers and sold in Trumbull CT in May 2014?

  

Trumbull CT May 2014 Homes Sold
(as recorded in the Greater Fairfield County MLS as of June 21, 2014)  

 

Trumbull CT May 2014 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 6.37 months for the last three months. 

  

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.  

 

 

 

Trumbull CT 2013-14 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 -- June 21, 2014. 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 May 2014

 

 

 

 

 

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