Trumbull’s market trends are giving mixed signals. With only 5.1 month’s supply of inventory which is trending lower (see the 3 Months trend of 4.2 months supply), this is clearly a Seller's Market. However, in a Seller's Market, the Sellers are supposed to call the shots so prices go up. Instead what we see is lower prices. The List to Sales Price ratio has increased to 96%, suggesting that Sellers are holding out for a sale price closer to the number they want.
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 92 days and sell for 95% of list price.