Bridgeport Condo Update
Unit Sales are off 41% from the prior year and continue the three year downward trend. This is similar to the Single Family trend in unit sales. What is a bit of a surprise is that the Median and Average Selling Prices seem to be very stable. This is counter to the trend in Single Family Homes where we are seeing a dip in prices too.
This is good news for Bridgeport and Values. We just need to get past the mortgage cash crunch and loosen credit a little bit for the condo market to start thriving again.
Year to Date Sales of CONDOS
As of March 31
08 vs 07
08 vs 06
Avg Selling Price
Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate