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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 April 2026 VS May 2026:
The Number of SOLD listings increased by 15% to 70 properties, with a top sale of $22,000,000 million at 444 Tennyson Avenue.
The Average Sales Price increased by 7% to $4,458,532, while the Average Price per Square Foot rose to $2,031.
As measured in monthly supply, the inventory of properties available for sale decreased by 7% to 1.30 months’ worth of inventory.
The average 30-year fixed mortgage rate increased to 6.60%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
