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Market intel · weekly

Vol. I · No. 1 Palo Alto, California 21 Sept – 27 Sept · current

The lead · September 27

Builders are cutting prices nationwide. Why are Palo Alto buyers still paying over asking?

Builders are cutting prices nationwide. In Palo Alto, 68% of homes sold over asking in a median of 9 days. Here’s what the data shows.

The pool and garden at 1716 Fulton Street, Palo Alto, at twilight

By Maggie Ma · DRE #02117367 Read the piece →

Also in this issue

Palo Alto

Rates just crossed 7%. What does that mean for your Palo Alto home’s value?

Rates crossed 7% this week. Here’s what 446 Palo Alto home sales say about prices, overbids and timing if you’re selling.

What the headlines say, and what the sales actually show · never revised Print this issue

The part a report cannot answer

A median is not a valuation.

None of these figures say what your house would sell for. That depends on its condition, its street and how the listing is run — which is a conversation rather than a number, and there is no charge for it.

Talk it through with Maggie

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