January Market – Ridgefield

The upward market trend we saw happening in the last quarter of 2012 continued into January of this year. Unit sales were 21 for the month, which is a substantial increase over the 8 unit sales seen in January 2012. The median price of $565,000 shows a slight increase (3.9%) over January last year, where $543,750 was the median. Inventory is actually down, but we expect that to increase as we ramp up for the spring market and I feel confident saying that this will be the best spring selling season in years.