Here is the clearest way to judge how much room you really have right now.
If you are trying to decide whether to move now or wait, I would judge Ridgewood, NY by choice and negotiating room, not by hype. My read is simple with supply at 6.5 months over the previous 30 days, you have more breathing room than you would in a market where homes are disappearing immediately, but you still need to stay disciplined on price and timing.
Over the previous 30 days, Ridgewood, NY sat in a buyer's market with 6.5 months of supply. The typical asking price for active homes was $1,100,000 last month, and that figure was unchanged from the month before, which tells me pricing at the top line held steady even while buyers had more options.
For someone trying to buy in Ridgewood, NY, that combination matters. More available homes usually gives you a better chance to compare condition, layout, and price without forcing a rushed decision, and a flat typical asking price tells me sellers are not broadly resetting expectations lower just to create movement. I would stay calm here. I would not mistake extra selection for automatic bargains, because the recent three-month asking price level was $899,000, while last month's typical asking price was higher at $1,100,000.
Start by narrowing your target to homes that fit your budget without assuming a future price break will rescue a stretched payment. Then compare how long each option has been sitting, because new for-sale homes in the last three months spent a typical 32 days available, while pending homes moved in a typical 22 days. Use that gap to separate homes with real demand from homes where you may have more room to negotiate. If you are bringing cash, keep proof of funds ready and move cleanly when the right property appears.
