San Mateo’s Real Estate Absorption Rates: January, February, March 2010

Little House, Menlo Park

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 that Daly City, East Palo Alto, San Bruno and South San Francisco are all extremely competitive; there are many more buyers out there than there are houses to sell them.

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

The * indicates that there’s more houses under contract than there are for sale; definitely a sellers’ market.

Thanks for reading the San Mateo Real Estate Blog.

Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.

Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.

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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