After the strong finish the Trumbull CT real estate market had in 2013, January 2014 sales didn't fare as well and were likely affected by the December holiday period and ongoing weather issues.

Home sales in Trumbull CT for January 2014 showed a 25% decrease in sales as compared to the same period last year.   However, listing and sales averages INCREASED 20% and 26% respectively. The median followed with an 8% INCREASE.   

Days on the market went DOWN 18%.  The market absorption rate came in at 6.13 months supply of homes, back to a buyer's market statistically for the month.  Inventory still remains VERY low.

What is currently 'on sale' in Trumbull?

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Future closings will result from 32 homes under deposit and 27 homes under contract. 

Homeowners, if you are thinking of selling... and Trumbull NEEDS new listings!, take advantage of a complimentary FREE market analysis on your Trumbull home today.

The sweet spot for sales in January 2014 dropped down into the $200K-$300K with the popular $300-$400K range at its heels.  If you are a seller in these ranges, get your home prepared to sell with effective pricing, staging, and marketing and you WILL have a quick sale! 

What houses attracted buyers and sold in Trumbull CT in January 2014?

Trumbull CT January 2014 Homes Sold
(as recorded in the Greater Fairfield County MLS as of February 6, 2014)  

The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 3.37 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 point to get a more accurate analysis.  

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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 -- February 6, 2014. 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 2014