After an impressive inventory surge from the end of August through the middle of September, things had slowed down in recent weeks. But this past week saw another jolt, with 21 new single-family homes being listed for sale, bringing inventory back up to the mid-70's in Redwood City. Still, we're actually below what inventory was around this time in 2018, which is when we first started started to notice the market shifting away from multiple offer scenarios and towards longer days on market.
We have about a month and a half until the holidays roll around and put the industry on ice for a couple months. We'll likely see inventory continue to climb in the weeks leading up to this, as sellers scramble to get their homes on the market and try to sell before Thanksgiving.
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