Menlo Park Real Estate Prices Up, Inventory Down.
Menlo Park real estate figures were also up for the year 2012 compared to 2011 with a healthy 12% rise in prices taking the average price of a Menlo Park home to $1,459,000. The big issue is the inventory levels, which are at very low numbers and difficult to keep the overall real estate sales numbers at a healthy pace. The spring selling season should be a quiet one as there just isn’t enough homes to sell, but there are a lot of buyers so expect prices to keep rising.
Menlo Park |
2011 | 2012 | % Change |
|---|---|---|---|
| Number of Sales | 374 | 394 | 5% |
| Average Price ($000) | $1,308 | $1,459 | 12% |
| Average DOM | 46 | 28 | -39% |
| Months of Inventory | 0.1 | 0.0 | -100% |
