October Ridgewood Home Sales Numbers…A Mixed Bag but Mostly Positive
The number of Ridgewood home sales were down ever so slightly (20 in October versus 21 in September) while the Average Days on Market declined from 79 in September to 72 in October.
Another positive sign was the increase in average sales price which rose roughly 5.4% from $752,614 in September to $793,550 in October.
Inventory levels have also come down conisdiderably over the past few months. This is a good sign especially when combined with the other recent positive real estate news on both a local and national level.
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Good News for Ridgewood Home Buyers and Sellers: Home Buyer Tax Credit to be Extended…and Expanded
Bergen County Real Estate: Lower Inventory Levels and More Homes Under Contract
New Jersey Home Sales Rise for Sixth Month In a Row
The information in this blog post is based on data provided by the New Jersey Multiple Listing Service, Inc. for the period of October 1st, 2009 to October 31st, 2009. .
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Why Choose Aloysius Donohue?
It’s hard to answer this question myself without sounding like a complete blowhard so please click below to see what clients and local newspapers had to say.
and, let me guess, things have picked up just in the last few weeks! better buy now before its too late!..a realtors famous last words
Charlie – Thanks for commenting. I understand why you might feel that Realtors are pushy salespeople trying to rush folks into buying homes. That is how we are portrayed in the media and you may have had a bad experience yourself. However, it is not true in my case or in the case of most realtors. First off, buying a home is such a huge decision you can’t really rush folks or even “sell” them on a home. Agents supply info and advice but in the end the client makes the call. Secondly, we earn our living through referrals so if we just pushed folks to buy homes that did not make sense we would quickly be out of business because no one would refer us. Again, you are not alone in your way of thinking but there are good and bad realtors just like there are good and bad doctors, carpenters, policemen, etc.
I’m not sure that is a fair comment from Charlie; Al posted factual data to support his argument, there is nothing wrong with that. When inventory goes down, prices go up…
Thanks, Mike.