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Welcome to The Rossetti Realty Market Update.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to MLS Listings, the marketplace for Menlo Park residential properties, here’s what happened in March 2024 VS April 2024:
The Number of SOLD listings decreased by 24% to 26 properties, with a top sale of $8,580,000 million at 1045 Trinity Drive.
The Average Sales Price increased by 27% to $3,639,231 million, moving the Average Price Per Square Foot up to $1,533 per square foot.
As measured in monthly supply, the inventory of properties available for sale increased by 130% to 2.30 monthly worth of properties for sale
The average 30-year fixed mortgage rate increased to 7.31%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
