People want to know how November 2020 San Mateo County real estate fared. And, full analysis with reports can be viewed now. Although in anticipation, many pundits had predicted up trends in the previous months would carry over. In fact, it looks as though a lot did. For example, sales of single-family, resale homes were up. And, they were up for the 5th month in a row. Not only that. They rose 28.2% year-over-year (YoY). Also, the amount of homes sold surpassed the average, since 2000. As a result, 400 sold in November, versus 398 average. If you would like more details on how the market did last month, view the Real Estate Report, courtesy of Carmen Miranda. If you have questions or need assistance selling your property, give Carmen a call.
November 2020 San Mateo County Real Estate Market Overview
While 2020 has been a roller coaster year for many, across the nation and world, real estate has stood as one of the stabilizing forces in play. It has remained steady as you go, with strong indicators, right into the 4th quarter. In fact, that is true across all four sectors of the nation’s market. As a result, that includes San Mateo County. And, November showed median home sales price up YoY, by 5%. Average price was up 9.1% YoY. Sure, there have been ups and downs in some data points like sales price to list price ratios, in the County. Although, that should be expected, with a wide range of real estate factors analyzed.
November 2020 San Mateo County Real Estate showed a slight slump in the YoY home sales. It was down by 2.3%. And, sales price to list price ratio took a dip. It fell slightly from 103.4% to 102.7%.
Inventory of single-family, resale homes was up, when compared to last year. And, as of December 5th, there were 423, San Mateo County homes for sale.