Bridgeport Real Estate and Home Sales Update
March 30,2008
Home Sales in Bridgeport continue to fall. The number of homes sold is running almost 50% below the total from just two years ago. There appears to be increasing price pressure on Sellers with both Median Price and Average Sales Price running well below last year. For buyers, this means there are some great values to be had in the market. The overall story in Bridgeport remains a positive one but there are some short term budget issues facing the city.
Bridgeport Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of March 30 | |||||
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| 2008 | 2007 | 08 vs 07 | 2006 | 08 vs 06 |
Closes | 84 | 120 | -30% | 159 | -47% |
Median Price | 205,000 | 249,000 | -18% | 246,900 | -17% |
Avg Selling Price | 213,997 | 250,978 | -15% | 253,018 | -15% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
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