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Above Asking

Market intel · weekly

Vol. I · No. 2 Palo Alto, California 28 Sept – 4 Oct, 2026 · current

Each week, I look at a question homeowners and buyers are asking—and compare the headlines with the Palo Alto sales behind them.

The lead · September 28

When tech stocks rise, what happens to Silicon Valley home prices next?

A 35-year look at Nasdaq returns against the Santa Clara and San Mateo county home-price indexes finds a real relationship — but housing moved more slowly, and by far less, than the stock market.

A bright living room opening onto its garden through a wall of glass, with the kitchen beyond

By Maggie Ma · DRE #02117367 Read the piece →

Also in this issue

Palo Alto

How closely do Palo Alto home prices follow tech stocks?

I compared 13,371 Palo Alto single-family sales since 1998 with the Nasdaq. Palo Alto is markedly more responsive to tech wealth than the county data — but not predictably enough to use a stock chart as a selling calendar.

End of issue

What the headlines say, and what the sales actually show · never revised Print this issuePrint issue

← 21 Sept – 27 SeptPrevious issue

Back issues

The last twelve weeks, kept as published.

  1. Vol. I · No. 121 Sept – 27 SeptBuilders are cutting prices nationwide. Why are Palo Alto homes still selling above asking?2 pieces · Issue 1

From the numbers to your house

The decision the data cannot make.

Market data can tell us about demand, competition, pricing and how this market has behaved before. It cannot tell you whether keeping this particular house still serves what you want next.

If you are happy where you are, a strong Palo Alto market may simply be one more reason to stay. If a move is already somewhere on your horizon, the useful question changes: what does the current market mean for your timing, your alternatives, and this particular property?

That is where I would narrow the numbers to your home.

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Prefer to text? Text Maggie at 650.709.5588.

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