Today’s blog takes a look at Months Supply of Inventory Data based upon March 2012 Trendgraphix Data for single family homes. This data indicates that the San Francisco Peninsula real estate market continues to show strong activity with multiple offers becoming the norm for many cities located in Silicon Valley .
Palo Alto: .9 months (based upon closed sales for March 2012)
.8 months (based upon pended sales for March 2012)
Menlo Park: .8 months (based upon closed sales for March 2012)
1 months(based upon pended sales for March 2012)
Portola Valley: 6 months(based upon closed sales for March 2012)
2.6 months (based upon pended sales for March 2012)
Redwood City:1.3 months (based upon closed sales for March 2012)
1.1 months (based upon pended sales for March 2012)
San Carlos: .9 months(based upon closed sales for March 2012)
.5 months(based upon pended sales for March 2012)
Information deemed reliable but not guaranteed.