Ridgewood Home Sales - August Real Estate Market Report
By Aloysius Donohue, Ridgewood Real Estate
(Keller Williams Realty)
Ridgewood NJ Real Estate Market - Strong August Numbers The Ridgewood real estate market showed improvement in 3 key benchmarks in August. 1. The average sale price of a Ridgewood Home increased by roughly 10% from July to August. 2. The number of homes sold in Ridgewood increased from 26 in July to 36 in August. 3. The average number of days it took a home to sell in Ridgewood decreased from a July average of 54 days to an August average of 48 days. Obviously, one good month does not mean Ridgewood housing prices are about to head for the stratosphere again. However, the Ridgewood real estate market has held up very well compared to the rest of the nation and these strong August numbers could mean that we have hit bottom and prices are now on their way back up. Don't forget that Ri...
Comments
6