2009 Real Estate Market Improved for Sellers

By the end of December 2009 sales were up 7% in Los Altos and up 8% in Palo Alto over 2008. Inventory of homes for sale on December 31st 2009 were down by 30% in Los Altos and down by 32% in Palo Alto as compared to a year earlier.

As consumer confidence and the jobs outlook continues to improve here in the San Francisco Bay Area, we expect this strengthening trend to continue.