November Market Activity - '00 to '09 |
|||||||||
 |
|||||||||
|
|||||||||
|
The charts above show the number of closed sales in the month of November of each year, ‘00 through ‘09, and the number of homes for sale on the last day of the month. At the bottom of the charts, you will see the number of months it would take for the homes to sell at that month’s rate of sales, plus the average percentage of list price received by sellers is also shown. This month: While the inventory of homes for sale was higher this November than most previous years, the number of sales were up sharply from a year ago. In terms of supply and demand, in Los Altos and Palo Alto the market had moved into a "Seller's Market" with multiple offers common for accurately priced properties. Bottom line: Buyers and sellers will both need to be somewhat flexible to achieve success in the current market due to the public's uncertainty regarding the overall economy. Data was gathered from MLSlistings.com
|
|||||||||
| OUR CURRENT RECOMMENDATIONS: | |||||||||
| SELLERS: |
If you are thinking of selling your home be careful to price it accurately. Buyers are willing to buy, but they are still extremeley price-sensitive. |
||||||||
| BUYERS: |
There is above average inventory of homes for sale to choose from. Now's the time to take advantage of current 50-year low interest rates. |
||||||||
| Visit links for past Market Activity pages here: |
Year 2010 Year 2009 |
||||||||
