15 listings changed status to pending as oppose to 12 last week and 9 closed escrow this week as oppose to 10 listings the previous week.
Please note that all listings sold significantly above asking price but two listings, it is worth noting that the number of multiple offers are going down.
If you are planning to sell your home it is an opportune time to sell.
Following is the detail of the market activity in Palo Alto for last week:
ACTIVE NEW LISTINGS: