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 December 2024 VS January 2025:
The Number of SOLD listings decreased by 68% to 7 properties, with a top sale of $4,800,000 million at 1160 Trinity Drive.
The Average Sales Price decreased by 12% to $2,640,143 million, moving the Average Price Per Square Foot down to $1,101 per square foot.
As measured in monthly supply, the inventory of properties available for sale decreased by 583% to 4.10 monthly worth of properties for sale
The average 30-year fixed mortgage rate increased to 7.03%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.