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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 September 2024 VS October 2024:
The Number of SOLD listings increased by 8% to 26 properties, with a top sale of $13,750,000 million at 1170 May Brown Avenue.
The Average Sales Price increased by 8% to $3,792,363 million, moving the Average Price Per Square Foot down to $1,446 per square foot.
As measured in monthly supply, the inventory of properties available for sale decreased by 6% to 1.60 monthly worth of properties for sale
The average 30-year fixed mortgage rate increased to 6.88%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
