San Mateo’s Real Estate Absorption Rates: Jan-Sept 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
After two months of higher inventory – if you call two month’s inventory higher – San Mateo has dropped back down to one month’s inventory which was evidenced by multiple offers in the first-time buyer price range.  For example, 1702 Echo in San Mateo received 7 offers.

Over the past three months Redwood Shores has seen an uptick in inventory as well; and it’s shown: Properties are staying on the market a little bit longer.

Although Belmont’s inventory has remained steady, it’s prices have seen a steep decline in recent months.

Jan Feb March April May June July Aug Sept
Atherton 7 5 13 7 4 12 8 5 4
Belmont 1 2 2 * 1 2 2 2 2
Brisbane 3 2 2 2 1 2 2 1 2
Burlingame 2 2 2 2 2 2 2 2 2
Daly City * * * * * * 1 1 1
East Palo Alto * * * * * * * * *
El Granada 2 3 3 2 2 2 2.5 9.5 5
Foster City 2 * 3 2 * 1 2 1 2
Half Moon Bay 7 6 4 5 2 4 4 3.5 6
Hillsborough 3 3 4 4 5 4 3 5 6
Menlo Park 1 1 2 2 2 1 2 1 2
Millbrae 1 2 1 1 1 1 2 1 1
Montara 4 19 20 12 2 2 3 2 3
Moss Beach 13 16 5 3 19 23 4 4 2
Pacifica 1 2 1 2 1 2 2 2 2
Pescadero 5 4 8 10 11 13 13 13 16
Portola Valley 4 5 4 3 4 4 4 8 6
Redwood City 1 1 1 1 1 2 2 2 2
Redwood Shores * 1 * * 2 2 1 3 4
San Bruno * * * * 1 1 2 1 1
San Carlos 1 * 1 2 1 2 2 2 2
San Mateo * 1 * 1 1 1 2 2 1
So San Francisco * * * * * 1 1 1 2
Woodside 3 4 2 7 4 7 13 9 9.5

Wondering where you fit into this?
Call, email or text me. I’m here to help.
Vicki Moore, Realtor
650.888.9268
DRE 01234539
RE/MAX Star Properties
Selling San Mateo County Homes Since 1998

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