Over the last 30 days, a determined downward trend of new sellers coming into the 94708 zip code market continued, with four listings in this week's report. Meanwhile, sales inched up, with seven homes selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. As new listings trended lower, the median sales price climbed for the homes that have sold, trending upwards for four weeks to reach $1,600,000. With just one month of inventory available and sales prices going up, the 94708 zip code is a definite seller's market.
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