We had 12 active listings of single family homes in Palo Alto last week as oppose to 14 listings the week before. We have 56 total active listings in Palo Alto. 10 houses changed status to pending as oppose to 14 the week before and 6 listings closed escrow as oppose to 7 the week before.
Please note that all listings sold at or above the asking price.
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: