Over the last 30 days, an established upward trend of new sellers coming into the Atherton market continued, with 14 listings in this week's report. Meanwhile, sales have inched up as well, with five homes selling during the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price dropped dramatically to $4,325,000, down from last week's $16,210,000. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning Atherton is still a solid buyer's market.
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