Real Estate Market Blog: August 2014

 

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.

August 2014 Real Estate Update

August 12, 2014
Ginny Kavanaugh
It may just be the more typical slowdown in real estate in the summer months or we might be seeing a touch of air being let out of this hot real estate market, but it will take a while to determine. Why do I say this? The number of homes that went into contract in July were significantly fewer than the numbers in May and June for many Peninsula cities. These numbers are not to be confused with the number of homes that actually closed escrow in July (see charts shown below). Taking a look at when a home goes into contract can give us the most ...