Our inventory levels remain incredibly low...
It continues to be a solid seller's market with a void in inventory and this is reflected in Ridgefield's market stats. The median price for February dipped from 850K vs last years 650K, a -24% decrease. This dramatic change was due to the over 1 Million Dollar priced homes sold in '21 vs '22. last year we sold
30 units vs 13 this month. We need inventory!
There continues to be a healthy pool of buyers in all price points ready to jump in and if you are one of them be prepared and work with a experienced agent.
As predicted mortgage interest rates are creeping up.
Rents will continue to rise, increases will remain about 5% pushing many people to see the benefit in buying.
If you know anyone who is thinking about buying or selling have them call
Blackstone Properties today, we would love to assist!
