We had 13 active listings of single family homes in Palo Alto last week as oppose to 19 listings the week before. 12 houses changed status to pending as oppose to 15 the week before and 7 listings closed escrow as oppose to 8 the week before.
Please note that all listings sold above the asking price but two listings.
The market remains a seller market.
Following is the detailed market activity for Palo Alto: