With a solid downward trend of new sellers listing homes, including one over the last 30 days, and sales that remained flat at one in that same time frame, the Palo Alto market will be slowing. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price in Palo Alto stayed put this week at $37,500. Along with flat sales, a relatively high eight months of inventory indicates that Palo Alto is a definite buyer's market.
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