The real estate market is off to a start for 2013 with the first broker tour today in some of the communities where we work. The Palo Alto and the Los Altos/Mountain View tours each feature 3 listings, which is a fraction of the number of homes we typically tour on a Friday morning! We do expect to see more new inventory starting next week, and in fact, we have a new listing at 360 Everett, 5B that will be on the market next week.
Inventory levels are typically low at this time of year, and here is an overview of available single-family homes and condominium/townhouses in the communities we serve:
There are positive signs for our local real estate market including consumer confidence, continued low interest rates, healthy job creation and local employment.
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