We hadÂ 19Â new listings of single family homes in Palo Alto this weekÂ as oppose to 2 last week.Â Â Â 3Â houses changed status to pendingÂ as oppose to 11Â the week before andÂ 5 listingsÂ closed escrowÂ last week as oppose toÂ 11 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 at or above the asking priceÂ 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 : 19
Pending : 3
Sold : 5
For further details please click on the following link: http://paloaltoproperties.blogspot.com