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Real Estate Market Blog: March 2018

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

March 2018 Real Estate Update

March 16, 2018
Ginny Kavanaugh
As we approach the end of the first quarter (where has the time gone!), the real estate market indicators remain constant throughout the cities on the Peninsula: limited supply and high demand. The inventory shortage is fueling increased prices, and more specifically the median price, as we continue to see a strong seller’s market across the board. It may be a seller’s market, but Silicon Valley buyers are business savvy, and while some cities continue to experience the multiple offer frenzy we have witnessed over the last couple of years, ...