We’ve experienced another week of solid activity in the Mid Peninsula Residential Real Estate market. There were new listings but the absorption rate was generally higher (mostly through sales but partly through homes removed from the market) resulting in generally lower inventory numbers. Palo Alto inventory remains extremely low with just 40 homes on the market (28 single family and 12 condominiums) representing only 0.15% of the housing stock available for sale. Compare this with Los Altos Hills (43 active listings) and Woodside (29 active listings) which represents approximately 1.5% of their housing stock. See the table for new listings, new sales and inventory for the core Mid Peninsula cities and click on the links for details on all 16 cities.
Click here for details of New Listings and New Sales for 16 Mid Peninsula Cities.
Click here for active and pending sale inventory details for all 16 mid peninsula cities.
