We had 19 active listings of single family homes in Palo Alto last week as oppose to 13 listings the week before. 17 houses changed status to pending as oppose to 12 the week before and 8 listings closed escrow as oppose to 7 the week before.
Please note that all listings sold above the asking price but two listings.
The market remains a seller market, We are still having multiple offers on many listings in Palo Alto.
Following is the detailed market activity for Palo Alto: