Real estate values are said to be a result of supply and demand. And, often, I find the demand reflects the supply. Historically speaking, when we have had the least amount of inventory, we have seen the greatest increase in property values. With that being said, wooo hooo Trumbull, hold on tight!
The picture attached is a CMLS generated chart showing 'Month's of Inventory' from 2009 to 2013. On it, we see that this past December, for the 2nd time in 2013, Trumbull had a mere 3 months supply of homes! The last time we've seen any month with so little supply was in August, 2005, almost 9 years ago, during the height of our last market surge.
What does this mean? Sellers now have the best opportunity to succeed in selling their house for the most possible money against their competition in almost 10 years. How do we maximize your home's value? Simple, prepare it and your marketing well. Call me for an appointment to discuss the best staging, presentation, and marketing of your home. Fredda Takacs - 203-452-5556 or visit my website at www.TrumbullSells.com.
