Market Overview: Trumbull, CT

Single Family Properties




August Headlines
Trumbull
  • New listings are up by 35.7%.
  • Unit sales are down 16.7% to 45.
  • Inventory in August was 175. This is down 19.0% from 216 in August of 2016.
Nearby Areas You May Be Interested In
  • Median price in Monroe is down 12.4% to $370,300.
  • Months of supply in Shelton in August was 6. This is down 25.3% from 8 in August of 2016.
  • Sales/list price ratio in Monroe is up by 2.0%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending August, 2017% Chg From Aug, 2016
Unit Sales 151 -16.1%
Went To Contract 136 -12.8%
Changes Favoring Sellers
3 Months Ending August, 2017% Chg From Aug, 2016
Median Sale Price $385,000 5.5%
Inventory 184 -19.3%
Months of Supply 5.1 -12.2%
Market Time (Days) 72 -15.3%
Price per Sq Ft for Sold $173 3.6%
Sales to List Price Ratio 97.8% 0.4%
New Listings 156 -9.3%
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Sales
There were 45 unit sales in August. This is down 16.7% from 54 in August of 2016. Sales/list price ratio in August moved down to 96.5% from 98.5% in July.

Prices
Median price in August was $380,900. This is down 1.9% from $388,450 in August of 2016. 3-month median price of $385,000 in August was down just slightly from $397,000 in July but up slightly from $365,000 in August of 2016. Price per square foot in August was $177. This is up from $175 in July and up from $160 in August of 2016.

Inventory
Inventory of 175 in August was down 1.7% from 178 in July and down 19.0% from 216 in August of 2016. New listings of 57 in August were up considerably from 44 in July and up substantially from 42 in August of 2016. Months of supply this month is 4.9, the same as last month.

Market Time
Days on market of 70 in August was down modestly from 76 in July and down somewhat from 92 in August of 2016.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Danbury 10.74%
Bridgeport 10.20%
Norwalk 8.05%
Brookfield 7.49%
Stamford 6.37%
Trumbull 6.35%
Stratford 5.88%
Bethel 5.10%
Westport 3.85%
Greenwich 3.75%
Data From: SMARTMLS-CM
Towns with an average of at least 5 sales per month (maximum of 10)
 








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