October 14, 2007
Menlo Park: Officially a “Buyers Market”
Buyers rejoice: Menlo Park is officially a “Buyers Market.” During the last two weeks, the Market Action Index dropped from 37 to 21. (The “Market Action Index” represents a 60-day rolling average of supply and demand.) The inventory increased from 71 to 90 listings. The median price is holding steady, as this new reality sinks in for sellers.
Source: Altos Research for the week ending 9-28-07
