•· Palo Alto Single Family Home Market Update 05-23-09
As of today this is the snapshot of the Palo Alto single family home market:
136 Active listings
60 Pending sales
What does this mean? The inventory of active listings decreased by 2 while pending sales are increased by 4. . We are now getting closer to a 1 to 2 ratio which is pretty good. During 2006 we were at 1 to 1. Again, the over 2 million market is a little better with 46 active listings and 14 pending sales which is almost unchanged from last week. Under 2 million there are 90 active listings and 47 pending sales, putting the ration at very close to 1 to 2 which is definitely improving. Overall, things are a little better than they were a few months ago, and even better than a few weeks ago with more realistic sellers and more qualified buyers. This is traditionally the busiest selling time so it will be interesting to see if the improvement holds into the summer monthswhich tend to be a little slower in this area.
Solds will be separate again.
If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com
and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
www.marcymoyer.com
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