Palo Alto Real Estate Market Sees Sales Fall

In this week's report, the number of homes sold in the Palo Alto market dropped to 40 over the past 30 days, a decrease of 9.1% from last week's report, but still above the monthly average. On the other hand, close-by San Jose registered 645 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Palo Alto, and this period the median price of all sales fell from $2,526,500 to $2,440,000. Despite the slip in sales, a relatively low two months of inventory indicates that Palo Alto is a solid seller's market.

Want to get a head start on other buyers? Check out these new listings in Palo Alto:

$1.3M   $3.2M   $2.2M  

Get started right now by checking out Palo Alto homes for sale or reviewing Palo Alto real estate trends.

Demographic facts for Palo Alto:

  • The average age of the population is 41 years old.
  • The health cost index score in this area is 118.4. (100 = national average)
  • Here are some of the distributions of commute times for the area: <15 min (32.6%), 15-29 min (46.3%), 30-44 min (15.2%), 45-59 min (2.6%), >60 min (3.4%).

Data reported through 10/13/2016


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