San Mateo County Housing Absorption Rates February 2006-2009

Outside the cafe at Filoli

Outside the cafe at Filoli

I got a little behind in posting.  When I get busy the first thing to go is the blog.  But it looks like Adam Lambert is going to win American Idol so it doesn’t matter. :)

Interesting that the inventory in the high-end areas like Hillsborough and Atherton is way up while the first-time buyer inventory is seeing a pretty sharp decline.

February 2006 2007 2008 2009
Atherton 5 2 4 18
Belmont 0 0 1.9 2
Brisbane 1.4 1.3 5 6
Burlingame 1.5 1 1.8 4
Colma 1 2 2 1
Daly City 1.4 1.7 4 1
East Palo Alto 3.4 2.8 11 1.6
El Granada 2.9 1 6.3 31
Foster City 1 1.8 2 10.7
Half Moon Bay 1 2 3.8 11
Hillsborough 2 2 2.5 12.8
La Honda 6 7 12 5
Loma Mar 1 1 1
Menlo Park 1.5 1.5 2.6 3.4
Millbrae 1 2.3 3.8 9.5
Montara 8 1.3 9 17
Moss Beach 0 1 6.5 16
Pacifica 1.4 2 4.5 2.8
Pescadero 6 4 8 4
Portola Valley 2.4 3.4 4.8 3.8
Redwood City 1 1.3 3.3 2.5
Redwood Shores 0 1 1.4 9
San Bruno 1.8 2 3.6 1.4
San Carlos 1.8 1 2.4 2.3
San Gregorio 3 0 1 2
San Mateo 1 1.3 3 3
South San Francisco 1.5 2.5 6.9 1.7
Woodside 3.6 3 9.3 6.8

Absorption Rates

The absorption rate is a quick way to see if the number of homes for sale in San Mateo County is going up or down. It’s just one of the statistics used to evaluate pricing.

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 the area 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.

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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  1. [...] was going to work on the absorption rates for the first quarter of 2009. I’ve also said that when I get busy the first thing to go is the blog. As much as I love it, there’s higher priorities – like [...]

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