Trumbull CT home sales for May 2015 showed a 68% INCREASE in sales from the same period last year. There was a 48% INCREASE in sales from last month making a nice recovery after sluggish sales in earlier months of the year.
There are 60 homes under deposit and 61 sales pending, so future closed sales should definitely be on the same trend or better.
The average listing and selling prices for May both went down 4% as compared to May 2014. The median home price was down by 9%.
Days on the market went up 35%.
The market absorption rate came in at 5.62 months which is statistically in a seller's market. That means at the current pace, it would take 5.62 months to sell off the inventory of 208 homes. Inventory went up only slightly, and the higher sales pushed the rate back down below the 6-month mark.
What is currently 'on sale' in Trumbull?
Click here to SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)
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 May 2015 remained in the popular $300K - $400K range with 38% of buyers. No matter which range your home is in, get it prepared to sell with effective pricing, (see Home Seller Mistakes blog post above) staging, and marketing and you WILL be movin' on!
Which houses attracted buyers and sold in Trumbull CT in May 2015?
Trumbull CT May 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of June 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 8.00 months for the last three months. This number went down three months from last month thanks to the stronger sales.
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.
Now THAT's the trend we like to see. Sales up 48% from last month. 
The closed sales price average for the month went down a bit again. Will hopefully see this average rise up in the coming months considering we are in the warmer weather market which historically has the highest averages.
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. I offer a superior marketing PLAN to get your home in front of the most buyers.
Date Source: Greater Fairfield County Multiple Listing Service -- June 25, 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 May 2015
Comments(0)