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the staff of the Ridgewood blog
Ridgewood NJ, Home prices are still higher than they were a year ago, but gains are rapidly decelerating at the fastest pace on record. Prices in August were 13% higher nationally compared with August 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is down from a 15.6% annual gain in the previous month. The 2.6% difference in those monthly comparisons is the largest in the history of the index, which was launched in 1987, meaning price gains are decelerating at a record pace
