We had only 6 new listings of single family homes coming on the market last week in Menlo Park as oppose to six the week before. I was expecting a larger number of listings to come on the market last week, this is a signal that our inventory is going to continue to be low this coming year. We are seeing more listings off mlsÂ and they are selling very quickly . Eight listings changed status to pending as oppose to ten the week before and two listings closed escrow last week as oppose to none the week before.
The market remains a seller market, We have only 21 active listings in Atherton, 25 in Palo Alto and 22 in Menlo Park. This is considered a very low inventory.
If you are thinking about selling your home in the next year, it is the time to contact your realtor to establish a plan to sell your home.
Following is the detailed market activity for Atherton:
Active : 6
For further details please click on the following link: http://paloaltoproperties.blogspot.com