San Mateo County 2008 Month-Month Absorption Rates

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When I calculated the San Mateo County home sales absorption rates for October I got curious to see what they were over the past months of this year.  I wondered if there was a consistent pattern to see if I could determine the direction of the market.  I wish.  It’s not that clear in most cities; however, there are a couple where it is.

Take a look at Daly City.  The inventory has steadily declined from 5 months’ in January to 2 in October.  Other than July – a traditionally slow month in Pacifica – that city’s inventory has seen a drop as well.  Then there’s Woodside – good grief:  17 months’ inventory in October!

If the housing inventory numbers are low, a couple of sales and/or new homes for sale will make the absorption rates look crazy.

Jan Feb Mar Apr May June Jul Aug Sept Oct
Atherton 8.5 4 3.6 3.1 6 2.8 5.0 14 6.8 7.25
Belmont 3.4 2.2 1.3 2.3 2 1.86 1.9 3.8 3.2 3.6
Brisbane 3.7 5.5 2.3 15 8.5 3.25 3.5 5.5 3.0 5.5
Burlingame 2.8 2 2.1 1.8 2.4 1.6 2.0 2.1 2.7 2.94
Colma 1 2 3 5 4 2 1.5 4 2.0 3
Daly City 5.3 3.8 3.2 3.5 2.2 1.6 2.0 1.96 1.9 1.8
El Granada 8.3 8.3 8.7 4.7 3.3 4.3 4.4 2.7 2.9 4.8
Foster City 2.7 2.3 1.3 2.2 1.8 2.14 3.0 1.2 3.3 3.75
Half Moon Bay 6.5 3.9 4.3 4.3 6.3 7.9 3.4 3.8 5.7 6.25
Hillsborough 3.1 3.3 2.9 3 5.8 4.3 4.8 4.1 3.4 7.63
La Honda 11 12 12 6 3.5 4.3 7.5 6.5 7.5 6.5
Loma Mar 1 1 2 3 4 4 3.0 3 2.0 2
Menlo Park 3.7 2.8 3.1 3 1.9 2.2 2.8 4.1 3.7 4.73
Millbrae 6.3 3.7 2.4 2.7 2.3 2.4 1.9 2 2.0 2.56
Montara 7.5 8.5 5.7 6.3 7 3.6 9.5 10 12.0 13
Moss Beach 4.5 14 3 9 4.5 5.7 2.2 2.4 18.0 4.25
Pacifica 3.3 4.7 3.7 3.7 3.7 3.7 4.5 2.97 3.2 2.76
Pescadero 9 8 8 10 8 7 9.0 10 11.0 9
Portola Valley 7.5 6.7 3.1 4 2.9 2.4 4.6 10.5 13.0 3.4
Redwood City 4.2 3.7 2.7 2.8 2.5 2.3 2.2 2.9 2.6 2.58
Redwood Shores 1.8 2 1.7 1.2 5 3 2.3 0 3.5 16
San Bruno 3.6 3.9 3 3.4 2.1 1.7 1.5 1.7 1.7 1.7
San Carlos 2.7 2 1.8 2 1.8 1.9 1.4 1.8 2.2 3.65
San Gregorio 1 1 1 2 2 2 2.0 2 2.0 2
San Mateo 3.9 3.6 2.6 2.6 2.3 1.6 2.0 2.4 1.8 3.08
South San Francisco 6.1 7.7 4.6 3.1 2.9 3.1 2.5 1.98 2.3 2.74
Woodside 5 13.5 4.4 3.8 12.5 18.3 6.7 8.6 9.8 16.67

July 2008, 2007, 2006 absorption rates
August 2008, 2007, 2006 absorption rates
September 2008, 2007, 2006 absorption rates
October 2008, 2007, 2006 absorption rates

Got a San Mateo County real estate question?   Call me at 650.888.9268 or send me an email Vicki [at] CallVicki.com.   If you like what you’ve read, subscribe to the San Mateo Real Estate Blog feed.

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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