We hadÂ 11Â new listings of single family homes in Palo AltoÂ last weekÂ as oppose toÂ 19 the week before.Â 16Â houses changed status to pendingÂ as oppose toÂ 3Â the week before andÂ 7 listingsÂ closed escrowÂ last week as oppose toÂ 5 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 : 11
Pending : 16
Sold : 7
For further details please click on the following link: http://paloaltoproperties.blogspot.com