3 houses changed status to pending as oppose to 10 the week before because the lack of inventory and 9 listings closed escrow as oppose to 12 the week before.
Please note that all listings sold above the asking price but one. The listing at 1474 Kings Lane that received 7 offers and sold with an all cash offer for $553,00 above the asking price. It closed escrow within one week.
The market remains a seller market.
Following is the detailed market activity for Palo Alto: