The real estate market historically slows down in November and December. I expect to see a further decline in our listing inventory for the coming month because of the Holiday Season.
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 Menlo Park. There was also a flurry of private sales the last few weeks. Sellers who were not sure that December is the right time to list their home on the market and -wanted to take advantage of a lower capital gain that is expected to rise in 2013 - listed their homes off Mls and were surprised to get multiple offers on their homes.
Our inventory is at historic low for this time of the year, this is a signal that the coming year is going to be another strong seller market.
If you are thinking about selling your home in the next year, it is the time to contact your realtor to establish a plan to sell your home.
I provide a free market ansalysis to sellers and I will be happy to meet with you to discuss a detailed plan to achieve your goals quickly and stress free.
Following is the market activity for the last week:
ACTIVE : 2
PENDING : 3
SOLD : 9
ACTIVE LISTINGS:
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