We had seven new listings of single family homes in Palo Alto last week as oppose to six the week before . Five houses changed status to pending as oppose to two last week and two listings closed escrow as oppose to three the week before..
Â All of the listings but one received a high number of offers and sold significantly above the asking price signaling another strong market for the coming year.
The inventory is still at a historic low, the market remains a seller market, i expect a good number of listings to come on the market this week, the off mls listings are apperaing again and especially at the upper-end prices.
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 Palo Alto:
Active : 7
Pending : 5
Sold : 2
For further details please click on the following link: http://paloaltoproperties.blogspot.com