Posted by May 2022
| Median Price $4,700,000 MoM +5.0% | YoY +16.0% | Sale/List Price Ratio 107.0% MoM -2.9% | YoY -4.5% | Active 11 MoM +175.0% | YoY +37.5% |
| Days on Market 26 MoM +271.4% | YoY -7.1% | Days of Inventory 24 MoM +14.3% | YoY +33.3% | Sold 26 MoM +116.7% | YoY +0.0% |
Median Sale Price and Months of Inventory in Past Three Years
Months of Inventory is a key indicator measuring supply therefore a leading indicator for the local market movement. It has strong seasonality. This figure is 7.7 months for the whole country, 31 days for Santa Clara County, 36 days for Los Altos. This figure tells that in Silicon Valley especially the cities surrounding Stanford University, the real estate market is always comparatively strong because its supply can never match the demand.
What Does a Typical (Average) House Look Like in North Los Altos?
| Home Sqft: 2,766 | Lot Sqft: 9,500 | Bedrooms: 4 | Baths: 3 |
