Inventory dropped just back to the 60 mark this week. Last time we saw it dip below 60 it was during Labor Day weekend, and it promptly jumped back up the following week.
These next few months leading up to and through the holidays present a great opportunity for buyers to ramp up their search. While I understand that the holiday season isn't the most convenient time to pack up everything and move into a new home, it is one of your best chances to catch a seller who is feeling the pressure to take an offer. A seller who's home has already been on the market for some time in the weeks leading up to Thanksgiving will become increasingly eager to accept an offer, as they know it will only become harder from that point on to bring any fresh traffic into an open house. This makes the next month plus (while inventory is still relatively high) an ideal time to start getting serious about buying.
On a side note, here are some stats regarding the 60 listings currently active in Redwood City:
Highest List Price: $3,247,000 (5BD/3.5BA 4,300 S/F home near the top of Farm Hill Boulevard)
Lowest List Price: 675,000 (2BD/1BA 880 S/F home on 5th Ave)
Average List Price: $1,536,871
Average Days on Market: 38
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