Bridgeport Real Estate and Home Sales Update
The Bridgeport Real Estate slump continues. The City continues to show the effects of the Sub Prime Mortgage crisis that is sweeping the nation. It's Fairfield County location has not offered much protection from the turbulent money market.
It is obvious from the numbers that both Unit Sales and Selling Prices are taking a hit. The first two months of the year seem to indicate a declining market - even when compared to the lows of last year. We can only hope that the Fed Reserve action on Interest Rates and the influx of funds into the major banks will trickle down to buyers. Keep your fingers crossed......
Year to Date Sales of Single Family Homes
As of February 29
08 vs 07
08 vs 06
Avg Selling Price
Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate