Trumbull CT home sales for August 2014 showed a 22% decrease in sales from the same period last year, but listing and selling averages both went up 16%.
Days on the market went up 6%. The market absorption rate came in at 4.59 months, still maintaining a seller's market statistically for the month. That means at the current pace, it would take 4.59 months to sell off the inventory of 202 homes.
What is currently 'on sale' in Trumbull?
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Future closings will result from 30 homes under deposit and 30 homes under contract.
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. What do you think is the BIGGEST mistake?
The sweet spot for sales in August 2014 moved up from the usually most popular $300K-$400K range to the $400K - $500K. Sellers -- if you are in the $250K - $450K range, which is historically the most popular with buyers, get your home prepared to sell with effective pricing, (see Home Seller Mistakes blog post above) staging, and marketing and you WILL be packing your bags!
Which houses attracted buyers and sold in Trumbull CT in August 2014?
Trumbull CT August 2014 Homes Sold
(as recorded in the Greater Fairfield County MLS as of September 19, 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 4.12 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 -- September 19, 2014. No representation or warranty is made to the accuracy of this information.
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Previous Trumbull CT market reports
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Trumbull CT Real Estate Market Report and Homes Sold August 2014
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