We had 17new listings this week of single family homes as oppose to 5 the week before in Menlo Park. 7 houses changed status to pending as oppose to 12 the week before and 11 closed escrow as oppose to 13 the week before.
The inventory is better. Most of the new listings are selling within one week. All listings that closed escrow this week sold significantly above the asking price but 2 confirming a continuing strong market for the year.
The market remains a strong seller market
If you are thinking about selling your home, it is a great time to sell, contact me to help you establish a plan to sell your home.
Following is the detailed market activity for Menlo Park:
Active : 17
For further details please click on the following link: http://paloaltoproperties.blogspot.com