Q2 2013 Update: Low Inventory + High Demand = HOT Market!
In the second quarter of 2013 listing of homes for sale were down in all the areas below except for Los Altos where the listings were up slightly from Q2 last year. Median sales prices were up to new highs in all areas except Los Altos Hills. One has to look back to 1999/2000 to see similar percentages of list prices received by sellers and homes selling so quickly (Days on Market).
In the charts below, you’ll find 15 years of data for market activity and median sales price for the Second Quarter for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact us.