This is our brief market report for the week of May 14th 2012. Belmont homes sales continue to hold steady for well priced homes, which have had sufficient market time and were properly advertised. Many of these homes are selling above the asking price.

There are currently only 29 active homes for sale and 39 which are pending sale. Normally for Belmont an inventory over 50 homes for sale is indicative of a waning market for sellers.

May 14th Altos report

The information contained in this article is educational and intended for informational purposes only. It does not constitute real estate, tax or legal advice, nor does it substitute for advice specific to your situation. Always consult an appropriate professional familiar with your scenario.
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