Palo Alto Real Estate Sales Stay Hot in September
Sales for the month of September stayed hot in Palo Alto as increases across the board in sales and listing prices compared to the same period a year and two years ago. Luxury real estate in the Silicon Valley is still in demand and buyers are still scooping up properties at all prices. These statistics are for single family homes throughout Palo Alto and if you break it down by area, the increases are even greater for certain higher demand neighborhoods.
Homes for sale in Palo Alto discussions always turn to inventory. Right now, there is a one month inventory for Palo Alto, which is very low. The end of the year selling season hopes to increase supply to meet some of the high demand that is out there.