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

San Mateo Real Estate Market’s Absorption Rates

The absorption rate is a quick way to see if the San Mateo real estate market is increasing in inventory or declining. 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

It’s not a surprise to those trying to buy a house right now in Daly City, East Palo Alto, and South San Francisco that there’s very little inventory; and it’s been that way since October of last year.

I called last week to see a house on Holland in San Mateo – and granted it was underpriced – they had gotten 6 offers in less than a week.

It’s difficult for me to be definitive about what the First-Time Buyer Home Credits are doing to those markets with the info I have access to – a little pink calculator and very basic statistics reports from our local Multiple Listing Service.  We’ll have to see what some of the big daddy reporting agencies say.

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

Need to know how to beat out some of those other home buyers?
call me ~ text me ~ email me
I’m here to help.

Vicki Moore, Realtor
DRE 01234539
RE/MAX Star Properties
Selling San Mateo County Homes Since 1998

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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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