SF Peninsula Real Estate Guru

Palo Alto home sales as measured as a percentage of new listings is slower in 2008 than in 2007.

In 2007, homes sales were 36.% of new listings in January 2007, 73.81% in February 2007 and 94.55% in March 2007.

The corresponding figures in 2008 are 36.11%, 36.17%, and 55.36%.

Inventory is increasing.

There were 5 months in 2007 where monthly sales exceeded the number of new listings.