Over the last 30 days, 20 homes went under contract in the Redwood City market, the lowest amount since last January. As the market appears to be nearing a low, there were 40 homes sold over the same period. When comparing other close-by municipalities within the same period, the most came from Fremont with 97 contracts executed. The median sales price dropped to $1,288,000 over the latest reporting period for Redwood City, down from $1,320,000. Despite the falling contracts numbers, there is only one month of inventory remaining, indicating that Redwood City is a still strong seller's market.
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