January 2016 home sales in Trumbull CT showed positives in every category. Closed sales were UP 33% as compared to January 2015 sales.
The average listing and selling prices for January also beat out the previous year 6% and 4% respectively. The median home price was UP 10%.
Going forward, there are 41 homes under deposit and 28 sales pending, showing continuing strength.
The market absorption rate came in at 4.82 months which is statistically a seller's market. This means at the current pace, it would take 4.82 months to sell off the inventory of 135 homes.
What is currently 'on sale' in Trumbull?
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Homeowners, if you are thinking of selling and want to know what your home is worth in Trumbull, take advantage of a complimentary FREE market analysis on your home today.
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home. Guess what the BIGGEST mistake is!
There was a tie for the sweet spot in sales with the popular $300K - $400K combining with the $200K - $300K range for 64% of sales.
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 calling the movers!
Which houses attracted buyers and sold in Trumbull CT in January 2016?
Trumbull CT January 2016 Homes Sold
(as recorded in the Greater Fairfield County MLS as of February 25, 2016)
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 5.06 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.
Not only did Janaury outperform last year, sales also inched up 7% since December. 
Sales averages for the last year.
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 -- February 25, 2016. No representation or warranty is made to the accuracy of this information.
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Trumbull CT Real Estate Market Report and Homes Sold January 2016
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