Redwood’s rolling three-month snapshot shows a very small pool of listings and sales. Only 2 homes are actively for sale and just 1 closed during this period, with 2 going under contract. New listings have doubled compared with a year ago, yet active inventory is down sharply over the same time frame, signaling that homes tend to move when they hit the market.
Pricing has shifted upward as this tight inventory meets demand. The typical home value for recent sales is about $269,000, while the median list price has climbed more than three times higher than a year ago and is now in the low $380,000s. Sellers are generally pricing with some ambition, but the average sale-to-list ratio sits just under 100 percent, showing that final sale prices are still landing very close to asking.
Speed has changed dramatically, adding to the sense of urgency for buyers. Homes now sit a median of only 7 days before going under contract, compared with several months on the market at various points over the past few years. Months of supply is around 3.2, and the area is currently described as a seller’s market. In this kind of fast-moving environment, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands Redwood’s evolving trends.
