Prices Down 10% on Average

Number of Sales Decline Slightly

Days on Market Increase 108%

Median prices dipped 10% on average in Redwood City from 2007.  This decline is slightly below the overall 14% decrease that the Peninsula as a whole experienced. Number of sales for Redwood City shows a single digit decline of only 3% and days on the market rose to 77 days, a whopping 108% increase.  Compare this to the Peninsula overall which showed a days on the market increase of 41% to 71 days.  Redwood City is on par with the overall Peninsula in its statistical showing for Median Price declines.  Days on the Market, however, has shown a dramatic increase over last year.  This shows a market that continues to produce transaction volume but at a much slower pace.