YTD Housing Inventory Snapshot for Redwood City

I don't see any burst bubble in Redwood City real estate! 108 new homes came on the market for sale and 131 homes sold or are currently pending sales. I interpret that as a low inventory market. That is good for sellers is it not?

Since Jan. 1, 2008

New Listings: 108
Price Increase: 2
Price Decrease: 41
Solds: 84
Expireds: 29
Cancelled: 51
Withdrawn: 7
Pendings: 47

Redwood City Market Snapshot: 4/7/08

Redwood City Market Snapshot:
7-Day Intervals:
3/23 - 3/30 - 4/7
Listings: 8 - 18 - 24
Price Increase: 0 - 0 - 0
Price Decrease: 10 - 7 - 8
Sold: 8 - 11 - 9
Expired: 0 - 0 - 6
Cancelled: 1 - 5 - 5
Withdrawn: 2 - 1 - 1
Pending: 16 - 12 - 14

My interpretation is still a strong market with Solds and Pendings equal to or better than new Listings. The Spring market is here and buyers are still buying homes in Redwood City.