Home Real Estate Discussing Real Estate with Karla Murtaugh: Ridgefield Mid-Year Market Report

Discussing Real Estate with Karla Murtaugh: Ridgefield Mid-Year Market Report

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Ridgefield Market Snapshot

Ridgefield home sales remain strong in the first half of 2021 compared to 2020, which is to be expected due to the two lost months during the pandemic shutdown. There was a 51% increase in sales during the first half of 2021 with 237 homes selling as compared to only 157 in 2020. The overall sales volume increased by 86% from $119,397,044 YTD in 2020 to $222,198,937 YTD in 2021. It will be interesting to see if the numbers start to even out more in Q3 as we factor in the incredible second half of 2020 to the mix.

Prices Are Up

Both the Median Sales Price and the Average Sales Price saw marked increases in the first half of the year. The median price jumped from $635,000 in 2020 to $815,000 in 2021. The average sale price saw an equally large upward movement and sits at $937,548 this year, a 23% increase over the 2020s $760,491.

Market Time Is Down

The average days on market saw a 44%…

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