Today’s blog takes a look at Months Supply of Inventory Data based upon December 2011 Trendgraphix Data for single family homes. This data indicates that the San Francisco Mid Peninsula real estate market continues to show strong activity .
Palo Alto: 1 months (based upon closed sales for December 2011)
1.3 months (based upon pended sales for Dec 2011)
Menlo Park: .9 months (based upon closed sales for Dec 2011)
1.3 months(based upon pended sales for Dec 2011)
Portola Valley: 2.5 months(based upon closed sales for Dec 2011)
2 months (based upon pended sales for Dec 2011)
Redwood City: 1.8 months (based upon closed sales for Dec 2011)
2.4 months (based upon pended sales for Dec 2011)
San Carlos: 2.4 months(based upon closed sales for Dec 2011)
1.7 months(based upon pended sales for Dec 2011)
Comparing this month’s data with Trendgraphix data from Dec 2010, one can see that the Silicon Valley real estate market continues to show strong demand as reflected by low levels of active inventory throughout 2011. Multiple offers have made a strong return in 2011.
Information deemed reliable but not guaranteed.