Bridgeport Real Estate and Home Sales Update - Feb 2008

By
Real Estate Agent with William Raveis Real Estate - Fairfield, CT

Bridgeport Real Estate and Home Sales Update

February 2008

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......

 

Bridgeport Update

 

Year to Date Sales of Single Family Homes

 

As of February 29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

2008

2007

08 vs 07

2006

08 vs 06

 

Closes

54

83

-35%

97

-44%

 

Median Price

201,500

256,500

-21%

254,000

-21%

 

Avg Selling Price

210,218

254,258

-17%

254,028

-17%

 

  

  

  

  

  

  

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Mike Tetreau

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