Bright Homes Real Estate | July 2023 Market Report Palo Alto Area
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<strong>Palo</strong> <strong>Alto</strong><br />
What's in the <strong>Palo</strong> <strong>Alto</strong> data?<br />
In June, <strong>Palo</strong> <strong>Alto</strong> had 96 homes for sale,<br />
providing the market with 1.5 months of inventory.<br />
There were 40 new listings and a total of 41<br />
homes sold. The median sale price was $3.4m,<br />
and the median overbid was 98.2%. The average<br />
time on the market was 27 days.<br />
There are 28 condo and townhome units for sale,<br />
providing the market with 1.8 months of inventory.<br />
There were 14 new listings for sale and 10 condos<br />
sold, with a median sale price of $1.4m and a<br />
median overbid of 100.7%. The average time on<br />
the market was 23 days.