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Bridgeport, Stamford, Norwalk, CT

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Bridgeport, CT - Recent New home Sales Remain Steady

Posted on: May 06, 2012 09:17:01 AM

Sales of new homes in the Bridgeport, CT market remained unchanged year-over-year in February, staying level after a year-over-year decline in January from the year earlier. Sales remained level at five from a year earlier after the figure moved from 13 in January 2011 to seven in January 2012.

A total of 98 new homes were sold during the 12 months that ended in February, equal to the number of new homes sold for the year that ended in January.

New home sales were five out of the 505 total sales, a move on a percentage basis from five of 449 a year earlier. After dropping in January from a year earlier, sales of new and existing homes climbed year-over-year in February.

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Pricing and Mortgage Trends

The average per-unit price of new homes was $490,052 in February 2012, up from $410,963 a year ago. This came after a 10.6% decline in January from a year earlier.

Average mortgage size on new homes fell from $386,405 to $357,765. Average mortgage size on new homes went from $523,178 in January 2011 to $431,582 in January 2012. For new home sales, the percentage of the sale price that was being financed dropped 21.0 percentage points year-over-year to 73.0% in February 2012.

 
 
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