May Market Trends
Mountain View had the greatest increase in value in May, 28% year over year. It had the greatest amount paid, on average, over asking price, 116.4%. It also had the shortest time on the market, 9 days, on average. Google, among others, is on a tear! Subsequently, the lack of affordability is pricing many out of Palo Alto and Los Altos. The bull real estate market continues.
In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of May 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.