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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 July 2024 VS August 2024:
The Number of SOLD listings increased by 10% to 34 properties, with a top sale of $7,450,000 million at 19 Montana Lane.
The Average Sales Price decreased by 14% to $3,015,809 million, moving the Average Price Per Square Foot down to $1,507 per square foot.
As measured in monthly supply, the inventory of properties available for sale decreased by 29% to 1.00 monthly worth of properties for sale
The average 30-year fixed mortgage rate decreased to 6.48%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
