PALO ALTO REAL ESTATE MARKET UPDATE FOR SINGLE HOMES

♦ 191 homes have closed escrow since January 1, 2010. in comparison to 222 homes for last year.
♦ The medium sale price for 2010 so far is $1,6518,000; for last year same period is $1,537,00

♦The average sale price is $1,694,000

♦ Inventory is still slightly on the high side with 222 active listings as of today.

♦ The average days on the market for sold  properties is 45 days this year as oppose to 50 days same period of last year.

For More detailed information about the market and other cities, please log-on at:
http://www.samiacullen.com


Or call me at: 650-384-5392