Second Quarter 2015 Market Trends
The historical rise in housing prices has been caused by two basic factors: strong employment and a shortage of homes for sale. As long as those two factors continue, the market will continue to improve. At some point affordability will come into play. So far, that hasn’t been the case.
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.