The number of homes sold in Menlo Park in March 2008 shows the typical spring increase in the number of homes sold. However it should be noted that the number of sales in the first 3 months of the year is below the 2007 amounts. 85 homes sold first quarter 07 versus 55 homes sold first quarter 08.
22 homes sold January 2007 with 11 sold in January 2008.
23 homes sold in February 2007 with 20 sold in February 2008.
40 homes sold in March 2007 with 24 sold in March 2008.
The obvious conclusion is that the number of sales in 2008 will be smaller than the number of sales in 2007.
What will the rest of the year bring? That’s why Chris Berman on ESPN says “that’s why they play the games!” - you never know what will happen - stay tuned for further updates.
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