Demand is still outpacing supply and we just began our Spring Market...how will you be affected?
Mostly all towns are experiencing around a 8-25% increase since last year.
Ridgefield's market stats are relatively flat compared to other towns. Our First Quarter median price dropped to 762K or a -10.77% decrease over First Quarter last year. Last year during this time we had more homes sell over 1M.
Last year during this period we sold 110 units vs 71 units this year.
We are starting to see more inventory and anticipate Second Quarter to be a stronger. The demand is there, just need the supply.
Mortgage interest rates are creeping up which is hurting first time home buyers trying to get into the market. If you are one of them be prepared and work with a experienced agent.
If you know anyone who is thinking about buying or selling have them call
Blackstone Properties today, we would love to assist!
