Ridgefield's real estate market is currently hot with low inventory and high demand. Home prices have decreased 51.6% in the past month. At the current pace, all available homes in Ridgefield would sell out in just 0.5 months, indicating a continued supply shortage. Transaction volume is up 175% compared to what's typically expected this time of year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 27.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Ridgefield market with the affordability index at 479.1. Based on current market indicators, home prices in Ridgefield are projected to increase by approximately 26.5% over the next month.