September Market Trends
The sharp year over year increase in median sales for homes – particularly in Palo Alto, Menlo Park, and Mountain View – was driven by an increase in both hiring and companies’ stock values in Silicon Valley. With the recent announcements of layoffs at Cisco & HP and a cooling stock market, it will be interesting to see if the current imbalance of supply and demand will continue at this extraordinary level.
In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of September 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.