We hadÂ onlyÂ 9Â new listings of single family homes in Palo AltoÂ last weekÂ as oppose toÂ 7 the week before.Â 5Â houses changed status to pendingÂ as oppose toÂ 4Â the week before andÂ 6 listingsÂ closed escrowÂ last week as oppose toÂ 12 theÂ week before.
TheÂ inventory isÂ very lowÂ 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 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 : 9
Pending : 5
Sold : 6
For further details please click on the following link: http://paloaltoproperties.blogspot.com