Bridgeport home prices took a nosedive in February: Redfin report

New York /
Mar.March 21, 2019 01:45 PM

Home prices in the U.S. had their slowest annual growth in seven years last month — and Bridgeport was one of 10 metropolitan areas that actually saw a decline in average sales price, Mansion Global reported, citing a recent Redfin report. The seaport city “saw the worst decline, with prices falling 15.2 percent,” to $335,000, according to the outlet. Average home sale prices also fell 0.8 percent in Hartford, to $195,500, but rose 7.6 percent in nearby New Haven, to $199,000. In New York City, meanwhile, the average home sales price slipped 1.3 percent, to $380,o000, while Newark saw the greatest home value appreciation, to $330,000, a 12.2 percent spike in year-over-year growth. The news is good for buyers, who now have “some breathing room,” according to Mansion Global. “When home prices are going up quickly, buyers feel like they are forced to move fast and purchase a home before prices rise even more,” said a statement from Redfin’s chief economist Daryl Fairweather. [Mansion Global]


Related Articles

arrow_forward_ios
eXp CEO Glenn Sanford and Corofy CEO Eddy Boccara (eXp, Corofy, iStock)
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Some like it hot: Influx of agents into Hudson Valley accelerates in September
Trump Plaza New Rochelle at 175 Huguenot Street and Donald Trump (Getty, Anthony22/Wikimedia)
Trump Plaza New Rochelle dumps Trump Org as property manager
Trump Plaza New Rochelle dumps Trump Org as property manager
Parc Grove apartments, PGIM CEO David Hunt and Pacific Urban Residential CEO Al Pace (Photos via Parc Grove, PGIM, RETCON)
PGIM gets $154M for Stamford apartments as rental market heats up
PGIM gets $154M for Stamford apartments as rental market heats up
Additional reason for the slowdown in contract signings is shrinking inventory, which is likely to make the market even more competitive. (iStock)
As inventory shrinks, suburban NYC home market calms down a bit
As inventory shrinks, suburban NYC home market calms down a bit
Professor Randolph M. McLaughlin ro Newman Ferrara LLP and Aaron Carr of HRI (Getty, Facebook, iStock)
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
Lawsuit accuses Westchester landlords, brokers of Section 8 discrimination
Finger and Finger principal Kenneth Finger and landlord activist Jeff Hanley with Westchester (Credit: iStock)
Westchester group lobs its own constitutional challenge to New York’s rent law
Westchester group lobs its own constitutional challenge to New York’s rent law
Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)
The Seychelles to auction off estate at a discount after diplomat’s divorce
The Seychelles to auction off estate at a discount after diplomat’s divorce
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...