Bridgeport Real Estate Market out performs National Market (Treeland, North, Brooklawn, Lake Forest, Beardsley Park)
On Tuesday August 24, 2010 the National Association of REALTORS® reported that "existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain.""Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums, and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009. Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales – accounting for the bulk of transactions – are at the lowest level since May of 1995."
However, for slected market areas in Bridgeport (Treeland, North, Brooklawn, Lake Forest, Beardsley Park) the Real Estate Market performance was much better.
Properties sold YTD through July, 2010 were up 15% from same period 2009
Properties sold in July, 2010 were down 10% from July 2009
Median selling price was down 3% for period through July, 2010 compared to same period in 2009.
And, Median selling price was down 3% in July, 2010 compared to July, 2009 same period in 2009.
Regards, Steve
Stephen Reilly
Higgins Group
Best Practice Real Estate
203-246-7372
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