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%) |
Market Barometer
Prices and Sales
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.