Where were Trumbull CT homes sales in November 2015 and how did they compare to last year?
Closed sales showed an 8% INCREASE in sales as compared to November 2014. The average listing and selling prices for November were both UP 15% as compared to the same period. The median home price was UP 10%. Note that a significant outlier high sale jsut south of $1.2 million did bring the averages up a bit.
Going forward, there are 29 homes under deposit and 30 sales pending.
The market absorption rate stayed stable at 6.00 months which is statistically a balanced market. This means at the current pace, it would take 6 months to sell off the inventory of 156 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 November 2015 went down from the popular $300K - $400K range to the lower range with 35% of 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 packing your bags!
Which houses attracted buyers and sold in Trumbull CT in November 2015?
Trumbull CT November 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of December 27, 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 4.73 months for the last three months. This number went down from last month due to the decrease in inventory.
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.
A much slower month as compared to the previous months as we move closer to year end.
The closed sales price average had a nice bump up as compared to the last few months.
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 -- December 27, 2015. No representation or warranty is made to the accuracy of this information.
Trumbull CT Real Estate Market Report and Homes Sold November 2015