Market Overview: Trumbull, CT

Single Family Properties




December Headlines
Trumbull
  • Year-to-Date unit sales are down by 15.2%.
  • Months of supply is up 9.9% to 3.9.
  • Days on market in December was 70. This is down 34.0% from 106 in December of 2016.
Nearby Areas You May Be Interested In
  • Days on market in Orange is down by 23.7%.
  • Months of supply in Monroe is down 40.0% to 4.8.
  • Sales/list price ratio in Orange in December was 97.2%. This is up 1.9% from 95.4% in December of 2016.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending December, 2017% Chg From Dec, 2016
Unit Sales 100 -6.5%
Months of Supply 4.7 0.6%
Went To Contract 86 -11.3%
Changes Favoring Sellers
3 Months Ending December, 2017% Chg From Dec, 2016
Median Sale Price $378,250 5.1%
Inventory 163 -14.7%
Market Time (Days) 79 -18.6%
Price per Sq Ft for Sold $165 1.8%
Sales to List Price Ratio 97.3% 1.3%
New Listings 106 -5.4%
Click here to see monthly and longer-term averages.

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Sales
There were 33 unit sales in December. This is down 2.9% from 34 in December of 2016. Sales/list price ratio in December moved down to 96.8% from 97.2% in November.

Prices
Median price in December was $425,000. This is up 11.5% from $381,000 in December of 2016. 3-month median price of $378,250 in December was up just slightly from $369,000 in November and up slightly from $360,000 in December of 2016. Price per square foot in December was $165. This is up from $160 in November and up from $159 in December of 2016.

Inventory
Inventory of 138 in December was down 21.1% from 175 in November and down 6.8% from 148 in December of 2016. New listings of 23 in December were down considerably from 39 in November but up modestly from 21 in December of 2016. Months of supply of 3.9 in December was down somewhat from 5 in November but up a little from 3.6 in December of 2016. This is the lowest months of supply has been since February, 2017.

Market Time
Days on market of 70 in December was down modestly from 83 in November and way down from 106 in December 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
Bridgeport 13.07%
Danbury 11.11%
Trumbull 6.38%
Greenwich 5.88%
Norwalk 5.11%
Darien 4.35%
Bethel 4.23%
Stamford 2.93%
Monroe 2.88%
Stratford 2.81%
Data From: SMARTMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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