We had only 5 new listings of single family homes in Palo Alto last week as oppose to 10 listings the week before. 10 houses changed status to pending as oppose to 11 the week before and 19 listings closed escrow as oppose to 11 the week before.
Please note that all listings sold at or above the asking price but 6.
The market remains a seller market, We are still having multiple offers on many listings in Palo Alto.
Following is the detailed market activity for Palo Alto:
Active : 5
Pending : 10
Sold : 19
For further details please click on the following link: http://paloaltoproperties.blogspot.com