Los Altos & Palo Alto Real Estate Insight

May 2002 – 2011 Sales Snapshot

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May 2011 Market Trends

The local real estate market is hot!

Inventories of homes for sale continued to decline in April & May while competition for the best properties in all price ranges increased fiercely.  Over-bidding, all-cash offers, as-is terms, no contingencies, these were all commonplace terms in many of the sales over the past few months.

Local consumer confidence is still riding high, based on the success of our local companies, and in spite of the non-stop negative economic news both nationally and internationally. How long this can continue is anyone’s guess, but for the moment it’s certainly a “Seller’s Market”.

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Topics: Commentary, Market Trends, Monthly Snapshots

This entry was posted on Sunday, June 12th, 2011 at 7:41 pm and is filed under Commentary, Market Trends, Monthly Snapshots. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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