October Market Trends
The facts and figures for October are – once again – remarkable! Home sellers are very fortunate to be selling in one of the hottest real estate markets, to date. Note the percentage of list price received across the bottom of the Median Sales Price charts. Ten percent over the asking price is now the norm. We are back to a supply-demand level similar to the bull market of 1999-2000 with no apparent end in sight.
In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of October 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.