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Mike Tetreau's Blog

Fairfield Real Estate Update and Market Report

By Mike Tetreau | Agent in Fairfield, CT

Trumbull Real Estate Update

The Year to Date Sales for Trumbull based on the Greater Fairfield County MLS data.

Good News! Trumbull is the best performing town in the area.  From January 1st to July 31st, 144 Single Family homes sold.  This represents a decline of 15% from last year's 169 homes for the same period.  This year is off 34% from the 219 homes that sold in 2007.  However, with most area towns trailing last year by 25% to 35%, the Trumbull Real Estate market is down the least and that makes it Number 1.

The Average Selling Price for the first seven months of the year comes in at $403,186. This price is down 15% from the prior year.  This seems to be in line with most surrounding towns.

Let's hope the the market continues to improve with the help of the economy and the First Time Home Buyers incentive.

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