Trumbull’s market had been doing exceptionally well with increasing prices and decreasing Days on Market, but the last three months have brought lower prices. 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 5.5 month’s supply of inventory which is trending lower (see the 3 Months trend of 4.2 months supply), the market looks poised for increasing prices, but trend signals are mixed.
TRUMBULL SALE PRICES AND NUMBER OF SALES
HOTTEST HOMES IN TRUMBULL
What homes are most in demand by buyers 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 88 days and sell for 95% of list price.