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Market Pulse

Palo Alto market insights

A local market update for Condo/Co-op, refreshed monthly with Redfin housing market data.

Monthly market wrap

MONTHLY MARKET WRAPPalo AltoCondos · May 2026Palo Alto held steady in May: the keymarket signals were mixed.Median sale price$1.39M▲ +20.4% vs AprTime to pending21d▼ 6 days faster vs AprSold over asking18%▼ -27 pts vs AprActive listings23▲ +9.5% vs AprGenerated by ListingCopilot.ioSource: Redfin housing market data

Sale price vs asking

SALE PRICE VS ASKINGPalo AltoCondos · May 2026Only 18% of Palo Alto condos sold overasking, so buyers have room tonegotiate.98.4%average sale price vs. asking priceSold over asking18%vs. a year ago-22 pts103.6%101.3%98.9%Sold at asking price98.4%Jun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

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The negotiation gap

THE NEGOTIATION GAPPalo AltoCondos · May 2026Palo Alto condos are closing +1.6% belowasking. The list price has become astarting point.-$1.94Mmedian sale price minus asking priceMedian asking price$3.32MMedian sale price$1.39M$3.11M$2.26M$1.41MSoldAskingJun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Median sale price

MEDIAN SALE PRICEPalo AltoCondos · May 2026Palo Alto condo values are climbing, up+15.6% in a year.$1.39Mmedian sale priceYear over year+15.6%Homes sold last month11$1.56M$1.34M$1.12M$1.39MMay 2019Nov 2022May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Time to sell

TIME TO SELLPalo AltoCondos · May 2026The typical Palo Alto condo goes pendingin 21 days.21 daysmedian time to pendingGone within two weeks50%vs. a year agounchanged58d39d19d21dJun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Active listings

ACTIVE LISTINGSPalo AltoCondos · May 2026Palo Alto inventory is down 4.2% yearover year, a steadier supply picture forcondos.23active listingsYear over year-4.2%Months of supply2.124181123Jun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

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Price cuts

PRICE CUTSPalo AltoCondos · May 202622% of Palo Alto listings cut theirasking price last month.22%of active listings cut their asking pricevs. a year ago+1 ptsActive listings2326%18%10%22%Jun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

The two-speed market

THE TWO-SPEED MARKETPalo AltoCondos · May 2026Palo Alto moves at two speeds: 50% ofcondos were gone inside two weeks whilethe rest sat longer.50%of listings went pending within two weeksMedian time to pending21 daysvs. a year ago+30 pts49%34%19%Half of listings50%Jun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Best month to buy

BEST MONTH TO BUYPalo AltoCondos · May 2026January is historically Palo Alto'scalmest month for buyers: 5.6 pts lessover-asking than March.Januaryhistorically the calmest month for buyersBuyer's edge vs March-5.6 ptsYears of Redfin data10+Yearly averageJFMAMJJASOND-2.6 ptsBars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.ioSource: Redfin housing market data

10-year price growth

WAITING HAS A PRICEPalo AltoCondos · May 2026Palo Alto condo values are down -15%from 10 years ago.-15%median sale price growth since 2016Median price in 2016$1.64MAverage gain per year-1.6%$1.46M$1.26M$1.06M$1.39MApr 2016Apr 2021May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

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