What's Happening with Real Estate in San Mateo County?



Selling a Bay Area Home? Get a free home value report
Buying a Bay area home? Search all homes for sale

We're here to give you a brief market update for San Mateo County. What we're seeing right now is that median home prices have stayed relatively steady ($1.3M). Active listings have dropped by 3.5%, and the average days on market has dropped by 3.2%.

Year-over-year, home prices do seem to be increasing by 8.2%, which is excellent news for homeowners in the area. The average home sale price rose by 21%, and the average days on market fell by 21.8% year-over-year.



This is placing us in a very nice seller's market. High demand and low inventory are fueling this market, and we don't expect this to change too much in the next few months. This means that if you've been waiting to sell your home, now would be a great time to do so. Inventory continues to drop, so we are in need of good homes to sell.

Mortgage rates have risen very slightly in the last few weeks, but we don't expect a major spike anytime soon. With an election coming up next year most people do not expect rates to rise too much until then. What this means for you is that now is your opportunity to buy affordably. If you wait to buy, your buying power will take a big hit even if interest rates rise only by 1%.

What this all means is that now is an excellent time to sell, and an excellent time to buy. If you need help doing either in San Mateo County, please don't hesitate to contact me!

6 comments :

  1. It's a nice video, Which you have shared here about the San Mateo County real estate. Your video is very informative and I liked to watch it. belowmarketvalue offers the best Discount Homes Dallas Tx.

    ReplyDelete
  2. Its an wonderful site for the office. if anybody is interested for the rental office he may go through capitalhouselondon it is providing more relevant offices in the london city.serviced Office Space London

    ReplyDelete
  3. A wonderful post and I appreciate for the information sharing by you. it is really helpful for everyone and there are many coaching classes are available for rent on capitalhouselondon. Education Premises to Let

    ReplyDelete
  4. I admire this article for the well-researched content and excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much. home valuation website Australia

    ReplyDelete