Trumbull CT home sales for January 2015 showed a 40% INCREASE in sales from the same period last year. Average listing and selling prices were flat - under 1%. The median home price INCREASED 7%.
Days on the market went up 6%. The market absorption rate came in at 6.00 months which is statistically a balanced market. That means at the current pace, it would take 6.00 months to sell off the inventory of 126 homes. Time to get your home on the market now with less competition as we move forward towards the spring market!
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 25 homes under deposit and 26 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 January 2015 went back up from last month into the popular $300K-$400K range. The $250K - $450K range is historically the hot spot with buyers in Trumbull. If your home is in this range get it 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 January 2015?
Trumbull CT January 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of February 13, 2015)
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.39 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 range to get a more accurate analysis.
Big dip in sales from last month, but still respectable historically for a January. 
The closed sales average for the month in down from last month, but still in the winter month territory. Low inventory and spring market buyer demand should push this average up in the coming months.
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 -- February 13, 2015 No representation or warranty is made to the accuracy of this information.
SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)
Related posts:
Previous Trumbull CT market reports
Living in the Tashua Section of Trumbull CT
Trumbull CT Tashua Golf Courses 'FORE' All Skill Levels
Trumbull CT Real Estate Market Report and Homes Sold January 2015
Comments(3)