4th quarter 2018 market trends have plenty of interesting things to tell us. Also, some of these tidbits reflect a continuation of trends over the past number of months. At the same time, November offered up some unique developments of its own. In fact, November 2018 San Mateo County real estate trends can be found detailed in the below graphs and tables. For example, find the breakdown on key factors like median price / average price and sales price vs list price.
November 2018 San Mateo County Real Estate Trends
|Trends At a Glance||Nov 2018||Previous Month||Year-over-Year|
|Median Price||$1,500,000 (-7.6%)||$1,624,000||$1,500,000 (0.0%)|
|Average Price||$1,959,460 (-1.2%)||$1,983,900||$1,847,310 (+6.1%)|
|No. of Sales||324 (-17.8%)||394||370 (-12.4%)|
|Pending||291 (-14.2%)||339||308 (-5.5%)|
|Active||466 (-16.6%)||559||267 (+74.5%)|
|Sale vs. List Price||103.4% (-3.1%)||106.6%||108.4% (-4.6%)|
|Days on Market||29 (+54.0%)||19||21 (+39.9%)|
|Days of Inventory||42 (-2.0%)||43||21 (+99.3%)|
Prices and Sales
Days of Inventory
Sale Price/List Price Ratio
In November, the San Mateo County market showed sales price to list price ratio the lowest since January 2017. At the same time, that price ratio remains over 100%, 103.4%. Although, pundits point to this softening trend taking the price ratio below these marks soon.
Key Takeaways for November 2018 San Mateo County Real Estate Trends
- Both the median price and average price for single family, resale homes fell from October.
- The sale of homes also fell to the tune of 12.4% year-over-year.
- Days of Inventory dropped only slightly in November, by one day.
- Number of homes in inventory was up, showing a continued trend over 6 months.