Trumbull Market Update

Here's the year-to-date market update for Trumbull (as of 11/16/06) as per the Consolidated Multiple Listing Service:

Single Family Homes
Sold: 331
Avg List Price: $522,005
Avg Sale Price: $507,759
Avg Market Time: 78 days
Highest Priced Home Sold: $1,399,000
Lowest Priced Home Home Sold: $280,000

Pending: 25
Avg List Price: 528,021
Avg Market Time: 70 days

Currently On the Market: 217
Avg List Price: 621,355
Avg Market Time: 77 days

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Condominiums
Sold: 38
Avg List Price: $487,561
Avg Sale Price: $478,589
Avg Market Time: 57 days
Highest Priced Condo Sold: $850,000
Lowest Priced Condo Sold: $290,000

Pending: 1
Avg List Price: $377,900
Avg Market Time:172

Currently on the Market: 19
Avg List Price: $498,705
Avg Market Time: 62

Trumbull moves up to #6 in Connecticut Magazine Ranking

Connecticut Magazine ranked Trumbull #6 (up from #10) in its annual Rating the Towns issue (November, 2006), for towns with population of 25,000-50,000. The top 10 include: Westport, Glastonbury, New Milford, Newtown, Cheshire, Trumbull, Branford, Wallingford, Wethersfield and Groton.

Are you ready to buy a house?

The first step in buying a house is to get your finances in order. Get a free copy of your credit report at http://www.annualcreditreport.com. Credit scores range between 200 and 800, with scores above 620 considered desirable for getting a mortgage. According to the National Association of Realtors, five factors determine your credit score:

1. Your payment history - whether you paid your credit card obligations on time.
2. How much you owe.
3.The length of your credit history - the longer, the better.
4. How much new credit you have - new credit is considered riskier.
5. The types of credit you use - it's better to have more than one type of credit- installment loans, credit cards and a mortgage, for example.

Get prequalified by a lender before you start looking for a home. Determine how much available money you have to cover your downpayment and closing costs. Then start looking! Go to http://www.TrumbullAreaRealEstate.com to set up a custom search of the MLS. When you're ready to see homes, contact me...I'd be happy to help!