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.
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