Trumbull CT home sales for February 2015 showed an 11% decrease in sales from the same period last year. Average listing and selling prices went UP 13% and 15% respectively. The median home price INCREASED 9%.
Days on the market went up 53%. The market absorption rate came in at 8.44 months which is statistically a buyer's market. That means at the current pace, it would take 8.44 months to sell off the inventory of 135 homes. Still 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?
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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. Guess what the BIGGEST mistake is!
The sweet spot for sales in February 2015 remained in 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 moving on!
Which houses attracted buyers and sold in Trumbull CT in February 2015?
Trumbull CT February 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of March 25, 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 5.55 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.
Sales again took a dip from the previous month no doubt due to our oppressive winter weather. 
The closed sales average for the month made a nice rebound from last month. Will likely see this average rise up in the coming months considering we are about to enter the warmer weather market which historically has the highest averages. Start shopping now! You just might save some money.
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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 -- March 25, 2015 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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Previous Trumbull CT market reports
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Trumbull CT Real Estate Market Report and Homes Sold February 2015
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