Real Estate Report presented by Julie Flouty

November 2019 Report

Single Family Homes in San Mateo County, All Cities, All Neighborhoods Change >


Median Price
$1,560,000
+4.3%
Average Price
$1,967,190
+13.0%
No. Sold
379
+28.9%
Pending Properties
357
+1.1%
Active
540
-7.4%
Sale/List Price Ratio
103.8%
+0.3%
Days on Market
23
-17.5%
Days of Inventory
43
-25.7%

Market Barometer

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Market Commentary

Home Prices & Sales Mixed in October

After falling four months in a row, prices for single-family, re-sale homes were up in October, month-over-month. The median sales price rose 4.3% and the average sales price gained 13%. Year-over-year, the median sales price fell 3.9%, and the average sales price fell 0.8%.  

The sales price to list price ratio rose from 103.5% to 103.8%.

Home sales rose 28.9% from September, but, they were down, year-over-year, by 3.8%. There were 379 homes sold in San Mateo County last month. The average since 2003 is 398.

Inventory was down for the third month in a row. Last month, it was down 3.4% over last year.

Days of Inventory, or the amount of time it would take to sell all homes for sale divided by how many homes have sold, fell fifteen to forty-three days.

As of November 5th, there were 540 homes for sale in San Mateo County. The average since January 2003 is 1,287.

It is taking twenty-three days to sell a home. That is the time from when a home is listed to when it goes into contract.

The median sales price for re-sale condos fell 1.2% year-over-year. It was down 3.6% from September. The average sales price fell 0.4% from September. Year-over-year, the average sales price dropped 2.9%.

Condo sales rose 17.3% year-over-year. 

Inventory continues to expand. It has been higher than the year before fifteen months in a row. It gained 41.7% over last October.

As of November 5th, there were 181 condos for sale in San Mateo County. The average since January 2003 is 350.

Days of inventory dropped to forty-two from sixty-nine.

It is taking only twenty-six days to sell a condo.

If you are planning on selling your property, call me for a free comparative market analysis.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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