Where were Trumbull CT homes sales in October 2015 and how did they compare to last year?
Closed sales showed a 9% INCREASE in sales as compared to October 2014. The average listing and selling prices for October were both UP 5% as compared to the same period. The median home price was UP 7%.
Days on the market went up 65%. A few short sales contributed significantly to this increase.
Going forward, there are 35 homes under deposit and 22 sales pending.
The market absorption rate stayed stable at 5.43 months which is statistically in a seller's market. This means at the current pace, it would take 5.43 months to sell off the inventory of 190 homes.
What is currently 'on sale' in Trumbull?
Click here to SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)
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 for sales in October 2015 again landed in the popular $300K - $400K range with 37% of sales bookended by its neighboring ranges.
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 packing your bags!
Which houses attracted buyers and sold in Trumbull CT in October 2015?
Trumbull CT October 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of November 25, 2015)
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 5.18 months for the last three months. This number went up a bit from last month, but still in a sellers market statistically.
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.
Down a little from last month but not a significant decrease.
The closed sales price average took another dip this month due to a higher percentage of lower end sales. Bargain hunters and house flippers may be out in strength!
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 -- November 25, 2015. No representation or warranty is made to the accuracy of this information.
Trumbull CT Real Estate Market Report and Homes Sold October 2015