94 Active Listings
53 Pending Sales
It has been a month since my last update. I apologize! No excuse really, just needed a break. So here are my thoughts. The inventory is definitely getting closer to a buyer's market territory. Under 80 is definitely a buyer's market in Palo Alto. I don't think we will necessarily get there soon because August is always a low inventory month. However, the active to pending ratio going below 2 to 1 is a sign to me that things are getting better for sellers. But if you look at the over and under 2 million breakdown things are very uneven. There are 23 active listings over 2 million and 6 pending sales. Not a great ration, but not horrible, just short of 4 to 1. Under 2 million there are 71 active listings and 47 pending sales, better than 2 to one. What I find more interesting than the ratio of active to pending is the ration of over and under 2 million. There are more than 3 times the number of listing under 2 million as over, which for Palo Alto is a big change. It seems that Palo Alto has gone through a big correction without having had large numbers of short sales and foreclosures.
Sold stats are coming soon!
If 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
