Trumbull’s market had been doing exceptionally well with increasing prices and decreasing Days on Market , but the latter part of the Spring market brought lower prices, longer Days on Market, and a lower ratio of List to Sales price. This may be just a temporary downturn as it looks like Trumbull’s real estate market hit bottom in Q4 2011 and has been in recovery since then. With only 6.1 month’s supply of inventory which is trending lower, the market looks poised for increasing prices, but trend signals are mixed.
What homes are most in demand by buyer in Trumbull? The sweet spot in the market is for 3 bedroom homes with a list price of $300,000-325,000. They tend to be on the market only 87 days and sell for 93% of list price.