Our inventory is getting better. We hadÂ 15Â new listings of single family homes in Palo Alto last week as oppose toÂ 8 the week before.Â 6 houses changed status to pending last weekÂ as oppose to 5Â the week before andÂ 13 listings andÂ 8 closed escrow the same as the week before.
Since theÂ inventory is slightly better and we are still seeing multiple offers in the price range of $1.3 Million - $3 Million.Â All listings that closed escrow this week sold significantly above the asking price butÂ 3 confirming a continuing strong market. The market remains a seller market.
If you are thinking about selling your home, 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 : 15
Pending : 6
Sold : 13
For further details please click on the following link: http://paloaltoproperties.blogspot.com