May brought us into Ridgefield’s Spring real estate selling season. We continue to see a decline in the number of closed transactions from the previous year, down by almost half compared to May, 2007 and down about 35% year-to-date. After a few months of decline, one measure of price levels, price-per-square-foot, has rebounded to $287 on average - back in line with historical levels of the past couple of years. . Buyers are still in control but they are generally taking a long time to make decisions and are most nervous about a market decline. Although sales are down, luckily Ridgefield has not experienced a huge erosion in property values mostly due to how desirable people find....
See additional charts and graphs and Read the entire post at Real Estate Chocolate:
Ridgefield, CT Real Estate Market Report: Home Sales June 2008
Ridgefield Realtor specializing in exceptional homes in Ridgefield, Wilton, Redding in Fairfield County, CT. Lake Expert in Ridgefield. Rainbow Lake, Fox Hill Lake, Mamanasco Lake, Twixt Hills
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