the staff of the Ridgewood blog
Ridgewood NJ, Hearty buyer demand throughout the state has been tempered only by the continued lack of inventory across all categories in May, according to housing data from New Jersey Realtors. Prices continue to push higher as the available housing stock drops lower. Across the state, the median sales price for a single family home in May was $435,000, a 24.3 percent increase, equal to a jump of $85,000 over last May. Still, buyers are undeterred, fueled by low mortgage rates that help offset the affordability issue.
Continue reading NJ Realtor: Low Inventory Continues to Fuel Higher Prices
