With the reporting and data in now, the time is ripe for review of San Mateo County April market trends. And, it’s key to examine a number of specific areas of the real estate market. In fact, it’s essential to do that for staying informed, as some uncertainties color market activity. As a result, April’s real estate data breakdown, from pricing and sales, to inventory and sales to list/price ratio is available below, courtesy of Carmen Miranda.
San Mateo County April Market Trends 2020 Update
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April 2020 Key Market TakeawaysThe data shows two significant trends. And, they are intrinsic to the pulse of the real estate market. In fact, resale, single-family home sales fell in April. At the same time, inventory slid for the same, in April. Compared to April last year single-family, re-sale homes sales slumped by 49.7%. And, April 2020 home sales slumped by 29.2%, compared to March. In fact, a downtrend can also be seen in the amount of homes sold in San Mateo County. While the average since 2000 is 398, 189 homes sold in April. Although, a significant slump in sales was expected due to pandemic panic. As a result, the downtrend is expected to lean into the next two months ahead. The County’s single-family, resale homes inventory has been on a downtrend for the 8th month, in a row now. And with April 2020 compared to last year, inventory was down by 18.4%. Although, how many San Mateo County homes for sale were on the market? A look at the numbers, as of May 5th shows 398 for sale. Note the average since January 2000: 1,287. It took twenty-two days to sell a home in April. By the way, that’s the time it takes from when a home is listed to when it goes into contract. And, if you are planning on selling your property, call or email me for a free comparative market analysis. |
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