Talk about Drought – Record Low Inventory of Homes for Sale

Check out this chart that visualizes the inventory of single family homes that are currently on the market compared to the 15 year averages for Los Altos, Los Altos Hills, Mountain View, Palo Alto, Menlo Park, Portola Valley and Atherton.

Record low inventory is the “new normal” in Palo Alto, but check out the two communities closest to Google. There are only 7 active listings in Mountain View and 7 in Los Altos. Typically, the spring market starts sprouting after the Super Bowl. Let’s see what the rest of February brings for rainfall and homes for sale.   

Inventory of Homes for Sale in February 2014