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Welcome to The Rossetti Realty Market Update.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to MLS Listings, the marketplace for Palo Alto residential properties here’s what happened in August 2026 VS July 2026:
The Number of SOLD listings remained unchanged at 38 properties, with a top sale of $9,800,000 at 1353 Martin Avenue.
The Average Sales Price decreased by 17% to $3,833,250, while the Average Price per Square Foot decreased by 2% to $2,119.
As measured in monthly supply, the inventory of properties available for sale increased by 24% to 2.10 months’ worth of inventory.
The average 30-year fixed mortgage rate increased to 6.73%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
