Tuesday, October 20, 2015

Dear friends and clients,

2015 has seen consistently strong home sales statistics throughout the Bay Area. However, since we’ve entered October, the market has practically frozen! Take a look at the chart (for Menlo Park) below showing how many months of inventory we have based on the current sales pace. As you can see, we now have an unusual imbalance between buyers and sellers – inventories are not any higher, the buyer’s just aren’t buying!

So what’s going on here? Why aren’t homes selling well like they typically do in the... more

Posted at 12:30 PM