With another week of sales coming in under their original list price, the sales price to list price ratio for the month of August is now right at 100%. Our average days on the market for the month has also inflated to 40 days, from 24 days in July. Yet despite the evident slowdown in the Redwood City real estate market, prices have remained fairly stable throughout the year, which I suppose would be consistent with a 100% sales to list ratio. We haven't seen any growth, but prices have plateau'd around $1,650,000 - $1,700,000 for much of the year, with a couple spikes in between.
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