Palo Alto Market Update, June 27th: Single Family Homes

As of today this is the snapshot of the Palo Alto single family home market:

118 Active listings

57 Pending sales

What does this mean? The inventory of active listings decreased by 7 and pending sales are decreased by 1. We are now getting even 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 holding on with 38 active listings and 14 pending sales which is almost unchanged from June 7th. . Under 2 million there are 80 active listings and 43 pending sales, putting the ratio at little better than 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. June is traditionally not the busiest selling time so it will be interesting to see if the improvement holds even further into the summer months which tend to be a little slower in this area. The inventory is less this week, so it will e interesting to see if this continues.

Solds will be in the next post.

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

marcy@marcymoyer.com

650-619-9285

www.marcymoyer.com