Ridge Real Estate Market Continues Downward Trend in Price Cuts

This week in the Ridge market, sales fell to 32 homes sold over the last 30 days, coinciding with an established downward trend in price reductions, with 23 in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Potential buyers should note that prices are coming down in Ridge, and for this period the median sales price slid from $224,900 to $201,500. With only three months of inventory to sell, Ridge is a seller's market, in spite of the dip in sales.

Any of these new listings in Ridge could be your dream home, so be sure to check them out:

$210K   $283K   $289K  

Get started right now by checking out Ridge homes for sale or reviewing Ridge real estate trends.

Demographic facts for Ridge:

  • This area has a median house value of $202,000.
  • This area usually gets 114 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 7.0%.
  • There are 12.5 students for every teacher. (15.3 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Charles Rutenberg Realty Inc
Snapped 1 home in this area
Little Bay Realty Inc
Snapped 7 homes in this area
Coldwell Banker M&d Good Life
Snapped 1 home in this area

Agents that specialize in this area
1 snap in this area
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