San Mateo’s Real Estate Absorption Rates: Jan-June 2010

San Mateo Real Estate Market’s Absorption Rates

The absorption rate is a quick way to see if the San Mateo real estate is going up or down in inventory. It’s just one piece of information used to evaluate pricing. It’s a snapshot of the market.

What you’re looking at is how many months’ inventory there is on the market. The assumption is that it will take X number of months for all of the houses currently on the market to sell. More inventory = longer to sell.

You can also see if San Mateo’s market is a buyer or a sellers’ market. The National Association of Realtors defines a balanced market as one is which there is 6 months of inventory. More than 6 months, it’s a buyers’ market; less is a sellers’ market.

The Market Now

Overall inventory is pretty stable.  There are a couple of cities like Moss Beach where there’s just one house under contract but 23 for sale; that’s what makes it show 23 months of inventory.

South City is up  a little.  They’ve had more houses in contract than they had for sale.  This is the first time in months they’ve actually had a little inventory.

Remember, real estate is local.  You have to look at it more in depth than this but it’s a quick pic of where we’ve been so far this year.

Jan Feb March April May June
Atherton 7 5 13 7 4 12
Belmont 1 2 2 * 1 2
Brisbane 3 2 2 2 1 2
Burlingame 2 2 2 2 2 2
Daly City * * * * * *
East Palo Alto * * * * * *
El Granada 2 3 3 2 2 2
Foster City 2 * 3 2 * 1
Half Moon Bay 7 6 4 5 2 4
Hillsborough 3 3 4 4 5 4
Menlo Park 1 1 2 2 2 1
Millbrae 1 2 1 1 1 1
Montara 4 19 20 12 2 2
Moss Beach 13 16 5 3 19 23
Pacifica 1 2 1 2 1 2
Pescadero 5 4 8 10 11 13
Portola Valley 4 5 4 3 4 4
Redwood City 1 1 1 1 1 2
Redwood Shores * 1 * * 2 2
San Bruno * * * * 1 1
San Carlos 1 * 1 2 1 2
San Mateo * 1 * 1 1 1
So San Francisco * * * * * 1
Woodside 3 4 2 7 4 7
Vicki Moore About Vicki Moore

Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

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