Bridgeport, the seat of Fairfield County, is one of the leading manufacturing cities in New England. The city is situated at the mouth of the Pequonnock River, which empties into Long Island Sound. Before white settlement, the location was occupied by an Indian village known as Poquonock. After the arrival of the first white settlers in 1639, the name was retained, although spelled as Pequonnock, until 1694. The community became Fairfield Village in 1694, Stratfield in 1701, and upon incorporation as a borough in 1800, Bridgeport. The name honors the first drawbridge erected over the Pequonnock River.
The only zoo in Connecticut is the Beardsley Zoo in Bridgeport. Bridgeport's institutions of higher education are of fairly recent origin. The oldest is the University of Bridgeport, founded in 1927. Fairfield University in adjoining Fairfield was established in 1947. St. Vincent's College, a private Roman Catholic college, dates from 1991. Housatonic Community College is the home of the Housatonic Museum of Art, an unusually extensive art collection for a two-year college.
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LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS
The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.
Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.
Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area. Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.
