trumbull: Trumbull Sales Update - 10/24/09 04:14 AM
Trumbull Home Sales Update
After 9 months, 205 Single Family Homes have been sold in Trumbull.  This makes the Trumbull market one of the hottest around - trailing last year by only 6%.  We are still 31% behind 2007 when 297 Homes sold in this period.
The Average Selling Price is $405,950.  This shows a decline of 13% from last year and 23% from the 2007 Selling Price of $524,515.
There are 187 Homes for Sale today ranging in price from $199,999 for a 3 Bedroom Colonial on Main Street to $1,489,000 for brand new 5825 SF 5 Bedroom Colonial. To … (0 comments)

trumbull: Trumbull Real Estate Trends - 04/26/08 02:11 AM
Trumbull Housing Inventory Trend
April 2008
The numbers are pretty clear.  The slow start to home sales in 2008 has inventory levels moving from 11% below last year to 7% above in just four months.  The number of homes on the market is approaching historical highs.  With this much selection and low interest rates, Buyers should be able to find some great deals.   However, they still seem to be waiting for lower rates and lower prices in the months ahead.
 
 
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trumbull: Trumbull Real Estate and Home Values - March 2008 Update - 04/19/08 06:46 AM
Trumbull Home Sales and Real Estate Update
March 30, 2008
Trumbull Home Sales have taken it on the chin in the first quarter of 2008.  Sales are off 29% for Jan, Feb and March compared to the same period last year.  This slow down in sales is translating into better prices and better value for buyers.  Trumbull Real Estate has never looked so good to buyers.  With the Median Price down 17% from 2007, buyers are getting better deals than ever.   The only question remaining is when will buyers be returning to the market?  With low prices and low interest rates, we would … (0 comments)

trumbull: Trumbull Real Estate and Home Values - 2008 Update - 02/12/08 01:05 AM
Trumbull Real Estate and Home Values - 2008 Update
Trumbull Real Estate is off to a slow start for the New Year.  Coming off two stable years in Unit Sales and Pricing, 2008 stumbled out of the gate.  While you don't want to jump to any conclusions after one month of date, it does make February take on more importance.
The drop in Home Sales could be tied to the Federal Reserve's highly publicized cutting of interest rates and the expectation rates will be going lower. Buyers may be waiting on the sidelines not wanting to commit until they are sure of … (0 comments)

trumbull: Trumbull Single Family Home Update - 2007 - 02/01/08 10:56 AM
Trumbull Yearend Update 2007
Sales of Single Family Homes
Trumbull has always been known for value.   Just one town past the "last" commuter town of Fairfield, buyers have always found a lot for their money.  So there is the dilemma - either pay of larger mortgage payment in Fairfield or have a longer commute each day to the high paying jobs in Stamford, Westchester County and New York City.
Trumbull is seeing a similar trend to its neighboring towns.   Unit Sales are off almost 20% from 2005.  This represents a small decline from a slow 2006.   Both Median and Average Selling prices have continued … (0 comments)