Why Are So Many Houses for Sale in Ridgewood?

This is more of a question than it is a post, and I’d love a better answer if anyone has one.
I’m a little freaked out.

Comment on Facebook.

On every block in Ridgewood, NJ, there are several houses for sale. It is starting to feel a little eerie. Does everyone know something I don’t know? Awesome for the realtors, but what about the town and our property value? When I was looking in 2005 and 2006, inventory was scarce. Things have changed, and clearly we are now in a buyers market. Why?

In addition to just your normal turnover (empty nesters, separations, job relocations, etc.) my best, uneducated guesses:

— New tax laws, making the cost of living here unaffordable
— Fear of the impending apartment development and the subsequent overcrowding in the schools
— To get away from the ever-increasing traffic and congestion
— General trend toward downsizing and (smart) aversion to becoming house poor
— It has always been like this in the spring, and I am just noticing it because I’ve had my head buried in the lacrosse/soccer/carpool/hell sand every year prior.

What is it? Any ideas? If there is a secret, please let me in on it.

 


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Author: Karen Latimer

Dr. Latimer is a Family Physician and Wellness & Parenting Coach. She works with parents who want to feel more confident when helping their children and coaches young adults to help them better navigate college life and transitions. Contact her at drkarenlatimer@gmail.com to learn more. She is the author of two Audible Originals, Take Back the House -- Raising Happy Parents and Worry Less, Parent Better. She is also the co-founder of the app that makes your life easier and puts social in a healthier place -- List'm.

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