April 2016 home sales in Trumbull CT were UP an astounding 104% as compared to April 2015 sales.
The average listing and selling prices for April went down 13% and 12% respectively. The median home price decreased 9%. Read here about the difference between the sales average and median home price.
Going forward, there are 76 homes under deposit and 63 sales pending, higher futures than previous months.
The market absorption rate came in at 3.59 months which is statistically a seller's market. While inventory increased only slightly, the strong number of sales kept the rate down. This means at the current pace, it would take 3.59 months to sell off the inventory of 183 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!
The sweet spot in sales stayed (from last month) in the historically popular $300 - $400K range with 49% of the 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 April 2016?
Trumbull CT April 2016 Homes Sold
(as recorded in the Greater Fairfield County MLS as of May 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 5.78 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.
Sales doubled from last month, the highest since last July. 
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 -- May 25, 2016. No representation or warranty is made to the accuracy of this information.
SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)
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Previous Trumbull CT market reports
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Trumbull CT Real Estate Market Report and Homes Sold April 2016
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