Of the 85 single family homes for sale in Redwood City, 31 of them have been on the market for 30+ days. The average DOM for all 85 of our listings is 32 days. An increase in average days on market is to be expected given our influx of inventory over the past month and a half. And as the market continues to adjust to having double the inventory we had grown accustomed to, some homes which were listed just as all the new inventory started to come on the market may see price reductions. Catching the market in a period of adjustment like this could prove to be a great opportunity for buyers. If a home has been on the market north of 30 days, the seller might start to become more and more motivated to take your offer.
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