In this week's report, the number of homes sold in the 94705 zip code market fell to seven over the past 30 days, a decrease of 12.5% from last week's report. On the other hand, the close-by 94611 zip code registered 32 homes sold in the same period, the most of all surrounding zip codes. The median sales price continued to fall, trending downwards for four weeks to reach $1,455,000. In spite of the falling prices, a low one month of inventory signals that the 94705 zip code is still a definite seller's market.
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