The average price of a home in Ridgewood NJ decreased from June to July of this year but fluctuations in Ridgewood Home Sales from month-to-month are very common given the small sample size (25 homes sold in July). For better gauge of Ridgewood Home Price Trends click here to view a Comparison of Ridgewood Home Sales year-over-year.
The average "Days on Market" or DOM for Ridgewood Homes rose in July. However, given that both months saw an average DOM under 55 days I take this as a positive sign. In many parts of the country homes are taking an average of 6 months or more to sell. 50 or 60 "days on market" is not a bad number by historical standards.
If you would like more information on Ridgewood Real Estate please call me at 201.906.3287 or simply leave a comment here.
- Information herein deemed reliable but not guaranteed. 8/4/2008 11:24:27 PM -
- Copyright: 2008 by New Jersey MLS, Inc. -
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Ridgewood Real Estate June Market Report - Average Sale Price and Days on Market
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