Nearly 20 listings went into contract to sell last week, which is a good sign that buyer activity remains high. This has also been helping to keep inventory at a stable level, despite double-digit new listings hitting the market nearly every week. After a couple weeks of higher days on market averages, this past week's sales only sat on the market for an average of just over two weeks, getting about $75,000 over the asking price, and over $1,200 per square foot. All in all, a very strong week of sales for Redwood City real estate.
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