Ridgefield Real Estate Market Commentary

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....

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Ridgefield, CT Real Estate Market Report: Home Sales June 2008