The May 2019 San Mateo County market wrapped up with a month of highly anticipated data. Also, that’s data with significant implications for home sellers, buyers and professionals alike. As a result, it pays to pay close attention to the results and trends that shaped May. In fact, that information is available now for your convenience. I hope you find it helpful. Please contact me if you have any questions regarding this data.
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| Market Overview
Key Takeaways for May 2019: Prices & Sales Up From April When it comes to prices for single-family, re-sale homes, they were up from April. And, the median sales price rose 9.1%. In fact, the average sales price rose 8.9%, as well. That said, year-over-year, the median sales price was up 10.3%. Although, the average sales price fell 2.8%. Another key factor to examine is the sales price to list price ratio. And, it was at its peak last spring. Then, it reached 113.3%. Although, it dropped to a low of 102.4%, in January, while it was up from that last month, to 105.9%. As for home sales, that factor rose by 26% from April. At the same time, they were down, year-over-year, for the seventh month in a row: -6.8%. Although, what about how many homes actually sold in May? There were 397 sold. Please contact me for more details and if you have any questions regarding this data. |
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