Homes For Sale-Market Report Ridgefield CT 06877, May, 2012

Homes For Sale - Market Report Ridgefield CT 06877, May, 2012

Prices

Median price for homes for sale in Ridgefield, CT of $595,000 in May was down 7.8% from $645,000 in April and down 11.2% from $670,000 in May of 2011. 3-month average sale price of $750,342 in May was up a bit from $703,394 in April and up modestly from $727,286 in May of 2011.

Sales

Homes for sale in Ridgefield, CT in May were 29. This is up 26.1% from 23 in May of 2011. Sales/list price ratio in May moved up to 95.7% from 94.4% in April.

Market Time

Average for homes for sale in Ridgefield, CT days on market of 86 in May was down considerably from 108 in April and down substantially from 108 in May of 2011. Months of supply of 16.6 in May was down marginally from 16.9 in April but up considerably from 12.3 in May of 2011.