We hadÂ onlyÂ 2Â new listings of single family homes in Palo Alto this weekÂ because of the 4th of July holiday.Â Â 11Â houses changed status to pendingÂ as oppose to 13Â the week before andÂ 11listingsÂ closed escrowÂ last week as oppose toÂ 4 theÂ week before.
TheÂ inventory is slightly betterÂ but we are still seeing multiple offers in the price range of $1.3 Million - $2 Million.Â All listings that closed escrow this week soldÂ above the asking priceÂ but one 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 : 2
Pending : 11
Sold : 11
For further details please click on the following link: http://paloaltoproperties.blogspot.com