We hadÂ 7 new listings of single family homes in Palo AltoÂ as oppose to 17Â the week before.Â 16 house changed status to pendingÂ as oppose toÂ 9Â the week before andÂ 11 listingsÂ closed escrowÂ last week as oppose toÂ 7 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 atÂ above the asking priceÂ butÂ 4 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 : 7
Pending : 16
Sold : 11
For further details please click on the following link: http://paloaltoproperties.blogspot.com