February 2019 Home Sales Trajectory

A couple of points jump out about market activity, as of January. One, there’s been a downtrend in home sales, nationally. In fact, San Mateo County homes sales were down 4.8%, from last January. And two, a recent release of minutes from the Federal Reserve’s January meeting seems to indicate 2019 may not see any rate hikes. At least, not …

February 2021 Domestic Market Home Sales

San Mateo County February 2019 Home Sales

Much like December 2018, January this year showed a general softening inĀ  home sales. Also, that adds to a steady trend. For example, the softening can be seen in median sales. In fact, the median sales price of single family, resale homes fell year-over-year. It fell for the second month in a row. As a result, with a year-over-year perspective, …