Palo Alto, however, kept churning along with the median single family home price steadily increasing by 8% over the past 3 months compared to the previous quarter.

This year, we’ve seen the market continue to accelerate. Talks of a Bay Area exodus en masse, didn’t pan out the exact way some expected and we saw more of a reshuffling where people ended up staying in The Bay and were looking for more indoor/outdoor space at better prices.