We hadÂ 5 new listingsÂ last week of single family homesÂ as oppose toÂ 6Â the week before in Menlo Park.Â 7houses changed status to pendingÂ as oppose toÂ 6 the week before andÂ 5 closed escrowÂ as oppose toÂ 9 the week before.
The inventory isÂ low with only 28 active listings in Menlo park. Most of the new listings are selling within one week.Â One house had price reduction beforeÂ it sold. All listingsÂ that closed escrow this week sold significantly above the asking priceÂ butÂ one confirming a continuing strong market for the year.
Â 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 : 5
For further details please click on the following link: http://paloaltoproperties.blogspot.com