The 2009 Saratoga resale housing market is slower to catch fire than in previous years and prices the last couple of weeks are dropping as sellers get serious about the realities of the market place.

The first two weeks of February have seen an increase in available inventory and 6 new pending sales, all priced $1.5 million or under.  Available inventory is increasing slowly (moderated partly because properties are also being taken off the market).  There were 11 new detached homes added in the past two weeks.  Several properties had price reductions.  There were 4 short sale properties.

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