Palo Alto Ca Market Update 12/15/08
Single Family Homes
Active Listings: 80
Pending Sales: 18
Closes sales in last week: 3
Condos/Town homes
Active Listings: 27
Pending Sales: 4
Closed in last week:1
So what does this tell us? There is not much change from last week, except for a 10% decrease in inventory. This is absolutely to be expected as very few sellers put their homes on the market at this time of year, although buyers in the past have still been active in Dec. Pending sales are still low compared to listings, and single family home sales are better than condos right now.
If you have nay questions about the market please feel free to contact me. I am here to help you.
Marcy Moyer
Intero Real Estate Services
650-619-9285
www.marcymoyer.com
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