Third Quarter 2015 Market Trends
We have observed a very slight uptick in inventory of homes for sale this quarter. That hasn’t had an effect on the sales prices received and the over-asking price bidding wars. Buyers still greatly outnumber the homes for sale. As long as that trend continues prices are going to rise.
In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of Third 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 me.