Trumbull CT Single Family Real Estate Market Report for April 2011
Trumbull CT single family home sales for April 2011 were down 28% from the same period last year. However, average list and selling prices remained relatively flat at a 1% increase in each category. The median came in at a 4.23 % increase. So, the value showed some stability, good news for sellers.
Days on the market went DOWN 5%, and overall market absorption came in at 8.9% with a more in-depth analysis below.
Trumbull CT April 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS)
85% of sales were below $500K with the bulk of sales in the $300-400K range.
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 13.69 for the last three months.
This 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 point to get a more accurate analysis.
With the exception of the sales spike in June, 2010, due to the homebuyer tax credit, April 2010 - April 2011 has been bouncing around a bit.
Sales have been trending UP the last three months, with a 100% increase from March to April. May is on an upswing as there are 30 houses under deposit and 49 pending sales (under contract).
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 your home effectively in today's market.
Trumbull CT Single Family Real Estate Market Report for April 2011
Date Source: Greater Fairfield County Multiple Listing Service -- May 12, 2011. No representation or warranty is made to the accuracy of this information.
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