February 2016 home sales in Trumbull CT were UP 19 % as compared to February 2015 sales.
The average listing and selling prices for February went down 5% and 4% respectively. The median home price decreased 4%.
Going forward, there are 46 homes under deposit and 53 sales pending, forecasting better results next month.
The market absorption rate came in at 8.79 months which is statistically a buyer's market. This means at the current pace, it would take 8.79 months to sell off the inventory of 167 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 in sales went down, but just barely, to the $200K - $300K range from the historically popular $300K - $400K.
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 February 2016?
Trumbull CT February 2016 Homes Sold
(as recorded in the Greater Fairfield County MLS as of March 26, 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 6.86 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.
Even though sales outperformed the same month last year, they were down from last month. Hold on.... better sales are 'a coming'!
Sales averages for the last year.... up slightly from last month.
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 -- February 25, 2016. No representation or warranty is made to the accuracy of this information.
Trumbull CT Real Estate Market Report and Homes Sold February 2016