The Menlo Park Market: Market from June through August, 2013
By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
What was the Menlo Park Market like from June through August, 2013? We often see a slower market during the summer months than what we see during the spring months. The question is how did the summer real estate market compare to the spring real estate market this year? From the first of June through the end of August the days on the market increased from 19 days to 50 days and the sale price to list price ratio decreased from just over 108% to just below 102%. The caveat here is that we had just 92 listings during that period according to the MLS. It may be too few listings for good data analysis. Let's look at the spring market. From the first of March through the end of May, 2013 the days on the market were from 16 to 21 days. The sale price to list price ratio went from jus...
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