October San Mateo County Real Estate Market Update 2018

October San Mateo County Real Estate Market Update 2018

The month of October delivered on plenty of interesting real estate market data. Also, a number of pluses and minuses speak to some projections for the remaining 4th quarter. In fact, you see these in the Trends at a Glance section. Of special note, home sales rose significantly (+30.5%) over September. As a result, the October San Mateo County real estate market update 2018 featured below should provide many valuable insights for planners and professionals alike. Why not have a look now?

October San Mateo County Real Estate Market Update 2018

Trends At-a-Glance for San Mateo County

Trends At a Glance Oct 2018 Previous Month Year-over-Year
Median Price $1,624,000 (+1.0%) $1,608,000 $1,510,000 (+7.5%)
Average Price $1,983,900 (+1.0%) $1,964,800 $1,752,210 (+13.2%)
No. of Sales 394 (+30.5%) 302 357 (+10.4%)
Pending 339 (-11.7%) 384 384 (-11.7%)
Active 559 (-6.2%) 596 352 (+58.8%)
Sale vs. List Price 106.6% (-0.4%) 107.0% 110.0% (-3.1%)
Days on Market 19 (-17.1%) 23 16 (+16.8%)
Days of Inventory 43 (-25.6%) 57 30 (+43.9%)

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Market Barometer

Prices and Sales

October San Mateo County Real Estate Market Update 2018

Days of Inventory

Sales Year-to-Date

Sale Price/List Price Ratio

October San Mateo County Real Estate Market Update 2018 Review

Key takeaways include the uptrend in median home prices and average home prices. Although, the highlight may be a significant uptrend in home sales. As mentioned earlier in the post, it rose 30.5% over September’s total. And, these figures reflect a continuation of an uptrend. At the same time, sales vs list price (that is what the home actually sold for over its listed price) was down slightly over September. And, active homes on the market were down by 6.2%  at 559, under September’s 596.

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For full details, contact an expert real estate professional. In fact, for expert home buying or selling services, why not contact Carmen Miranda today?