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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 April 2025 VS May 2025:
The Number of SOLD listings decreased by 18% to 32 properties, with a top sale of $9,500,000 million at 1360 Garden Lane.
The Average Sales Price increased by 16% to $3,774,069 while the Average Price Per Square Foot to rose to $1,478.
As measured in monthly supply, the inventory of properties available for sale increased by 38% to 1.80 monthly worth of properties for sale
The average 30-year fixed mortgage rate increased to 6.94%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
