Monday, December 15, 2008

Palo Alto Market Update, Dec 15th

Single Family Homes--

Active Listings: 80
Pending Sales: 18
Closes Sales Last Week: 3

Condos/Town Homes--

Active Listings: 27
Pending Sales: 4
Closed Sales Last Week: 1

So what do these numbers reveal? There isn't 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 during the holiday season, although buyers in the past have still be in active in December. Pending sales are still low compared to listings, and single family home sales are better than condos right now. 

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