The housing market in Ridgway continues to see strong price appreciation, with values up 41.8% compared to last year. Home prices have increased 6.9% in the past month alone. With only 1 active listings, inventory is 83% lower than typical for this time of year. Homes are now taking an average of 26 days to sell, significantly longer than the 4 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. 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 156.1. Based on current market indicators, home prices in Ridgway are projected to decrease by approximately 5.4% over the next month.