The present housing market in Ridgway is down with high active listings and low sales volume. The median home price of $822,729 represents a substantial 17.5% increase from this time last year. With 16 active listings, inventory is 700% higher than seasonal norms. Homes are now taking an average of 324 days to sell, significantly longer than the 25 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ridgway market with the affordability index at 2851.7. Based on current market indicators, home prices in Ridgway are projected to increase by approximately 5.4% over the next month.