Trumbull CT home sales for October 2014 showed a 23% decrease in sales from the same period last year, and listing and selling averages went down 11% and 10% respectively. The median home price declined 4%.
Days on the market went DOWN 24%. The market absorption rate came in at 5.44 months, still hanging on to a seller's market statistically for the month. That means at the current pace, it would take 5.44 months to sell off the inventory of 174 homes.
What is currently 'on sale' in Trumbull?
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Future closings will result from 30 homes under deposit and 37 homes under contract.
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 October 2014 remained in the popular $300K-$400K range. Sellers -- if you are in the $250K - $450K range, which is historically the hot spot with buyers in Trumbull, get your home prepared to sell with effective pricing, (see Home Seller Mistakes blog post above) staging, and marketing and you WILL be packing your bags!
Which houses attracted buyers and sold in Trumbull CT in October 2014?
Trumbull CT October 2014 Homes Sold
(as recorded in the Greater Fairfield County MLS as of November 8, 2014)
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.83 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.
Sales were right on par with last month after the downward slide. 
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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 -- November 8, 2014. No representation or warranty is made to the accuracy of this information.
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Previous Trumbull CT market reports
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Trumbull CT Real Estate Market Report and Homes Sold October 2014
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