Ridgefield, CT Real Estate Market Report: Home Sales July 2008
July 12th, 2008 categories: Buying Your House, Market Data & Statistics, Ridgefield, Selling Your House, Talking Real Estate
Ridgefield Real Estate Market Commentary
We’re still tracking behind 2007 in number of Ridgefield real estate sales but the inventory level has fallen well below 2007 as well… and that’s a good thing. What this means that although we’re still seeing some softness in the market, many of the unrealistic sellers have let their listings expire or canceled them outright. YTD transaction volume is down about 33% but we are seeing the expected seasonal uptick in sales pending and sales closed.
The Ridgefield real estate market continues to be active. For home buyers the word is “value”. They are looking for the best values which include not just a home’s amenities but also it’s condition and location. I’ve recently seen several properties sell quickly and some are even selling for over asking price. These are the homes that provide the best value and these are the Ridgefield homes that are priced at the market.
It continues to be a great time to buy a house and trade-up opportunities abound. Interest rates are still low, there’s a good selection to choose from and although no is “giving their house away”, there are deals to be had. Buyers who are waiting to make decisions are losing their homes of choice to other buyers. Stay tuned to see how the market progress into the summer and fall selling seasons.
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