Arn Cenedella

11 year history Palo Alto closed home sales January February 1999-2009

It is common knowledge that the local real estate market is slow.

The question is: “How slow?”

The chart below shows the total number of closed single family home sales in Palo Alto during the months of January and February from 1999 to 2009. By looking only at the months of January and February, seasonal factors should be eliminated.

The data provides insight into the current market.

The 11 year average for closed home sales in Palo Alto during January and February is about 48.

2009 is about at half that average with 26.

This entry was posted on Tuesday, March 17th, 2009 at 6:14 pm and is filed under Palo Alto Real Estate, Real Estate Data. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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