Bridgeport Real Estate and Home Sales Update - Feb 2008

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......