San Mateo County Homes Data Dip

San Mateo County June 2019 Market

The San Mateo County real estate market gets plenty of attention these days. Since it’s homes and condos are in high demand, many people need-to-know how it fares. And, from month-to-month, things can change. As a result, a full data overview like San Mateo County June 2019 market, at a glance becomes quite valuable. And, that’s why it’s brought to you regularly and up-to-date, here on www.carmenmiranda.com.

San Mateo County June 2019 Market At a Glance

Trends At a Glance Jun 2019 Previous Month Year-over-Year
Median Price $1,622,500 (-8.2%) $1,768,000 $1,651,500 (-1.8%)
Average Price $2,115,760 (-0.8%) $2,132,500 $1,992,120 (+6.2%)
No. of Sales 368 (-7.3%) 397 398 (-7.5%)
Pending 348 (-5.9%) 370 350 (-0.6%)
Active 547 (+0.6%) 544 440 (+24.3%)
Sale vs. List Price 104.6 (-1.3%) 105.9 111.3 (-6.0%)
Days on Market 24 (+14.0%) 21 18 (+34.1%)
Days of Inventory 43 (+4.9%) 41 32 (+34.5%)
Market Barometer
Prices and Sales
San Mateo County June 2019 Market
Days of Inventory
San Mateo County June 2019 Market
Sales Year-to-Date
Sale Price/List Price Ratio
June 2019 Market Overview

A key point for June centers on home sales prices. The report tells us they slipped. And, here’s how it went down. Prices dipped in June, from May. In fact, the medial sales price fell 8.2%.  At the same time, the average sales price fell 0.8%. Although, when it comes to a year-over-year comparison, the median sales price dipped 1.8%, while the average sales price gained 6.2%.

The San Mateo County June 2019 market report also shows that the sales price to list price ratio dipped from 105.9% to 104.6%.

When it comes to home sales, they also dipped, by 7.3%, from May. And, they were down, year-over-year, for the 8th month in a row. What’s that drop in a percentage?  -7.5%.

Now, total San Mateo County homes sold topped off at 368. That reflects a downtrend from the average. What’s the average? Since 2003, it’s 398.

Market Overview for Home Inventory

When it comes to home inventory, it keeps on expanding. It has been doing that for 13 months, in a row. As a result, last month, it was up 24.3% over last year. Days of inventory gained by 2, edging up to 43 days.

Finally, As of July 5th, there were 547 homes for sale in San Mateo County. That’s lower than the average. And, since January 2003, the average is 1,287.

It is taking twenty-four days to sell a home. That is the time from when a home is listed to when it goes into contract. And, if you want to sell there could be no better time than now. Why? Just ask a local market expert. Ask Carmen Miranda. She checks the market’s pulse daily and knows how best to make it work, for your benefit, in great results. Why not give her a call today? Also, ask for her free comparative market analysis.