|Median Price |
|Sale/List Price Ratio|
|Days on Market|
|Days of Inventory |
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 no matter whether the economy is in the boom or in the bust.
What Does an Average House Look Like in Los Altos?
In past 6 months: Average Price $4,763,108; Average Home Sqft: 2,569; $/sqft: $1,978.98