Asked by Douglass Mcneil, Palo Alto, CA • Thu Jun 20, 2013
My sense is that the market has slowed down quite a bit (compared to January - March timeframe). At least in Mountain View and Los Altos; Palo Alto still seems a bit crazy. I don't have hard data to support this claim. Just experience/anecdotes. When I bid, it seems that there are fewer bids per home. The winning bid (as % over ask) doesn't seem quite as high as it was earlier in the year. I was noticing this before the recent rise in interest rates.
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