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How Much House Can You Really Afford ?


the staff of the Ridgewood blog

Ridgewood NJ, according to the inventory of homes actively for sale in June decreased by 43.1% over the past year, a lower rate of decline compared to the 50.9% drop in May. A deceleration in the decline of inventory means the market is heading in an encouraging direction, but active inventory still remains at a historically low level. This decline meant there were 415,000 fewer homes actively for sale on a typical day in June compared to the previous year. Nationwide the total number of unsold homes that  includes active listings and listings in various stages of the selling process that are not yet sold– is down 20.3% percent from June 2020.

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