The Ridgefield Real Estate market for single-family homes faced an interesting year in 2018 with a tumultuous mid-term election and the challenge of attracting businesses to the state. Combined with the new tax structure - the effects of which have not yet come to pass - and a bear market, Ridgefield sales rallied remarkably well showing a drop in volume, but no appreciable drop in value. Overall, the number of homes sold was down 11 percent with 329 homes selling in 2018 as compared to 370 in 2017. The total sales volume also decreased by 13 percent resulting in a total of $236,085,651 transacting as compared to $273,224,044 in 2017. With the tax implications sorting themselves out in the first quarter of 2019, and mortgage rates poised to hold steady or possibly decrease slightly, buyers may do well to jump into the market sooner rather than later.
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