The 94949 zip code market is tightening. While sales continued a six-week downward trend, bringing this week's numbers down to nine homes sold over the last 30 days, price reductions have slowed to their lowest number since April, with one reported this week. During the same time frame, 94952 had the most of any other neighboring zip codes with 11 price reductions. Prices are falling in the 94949 zip code, and this period the median price of all sales fell from $927,500 to $875,000. With only two months of inventory to sell, the 94949 zip code is a still solid seller's market, even after taking into consideration the falling sales numbers.
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