San Mateo Housing Absorption Rates April 2006-2009

Outside the cafe at Filoli

Outside the cafe at Filoli

Okay.  No more stress – yeah, right – I’m all caught up with the housing absorption rates for San Mateo County.

Now for a question.  I got advice from a web guy that I should “dumb down” my blog – that “absorption rate” is too complicated of a word – even though every time I post them I add the definition at the bottom.

I changed the title of one of my posts at his advice then decided one was enough.  What do you think?  Should I write to a group of third graders like the newspaper does?  Hmm.  How’s the newspaper business doing right now?  I might have answered my own question but sure would like your input.

2006 2007 2008 2009
Atherton 2.9 2.5 3 10.8
Belmont 1 1 2 2
Brisbane 4.3 4 15 3
Burlingame 1.3 1 1.8 1.6
Colma 1 3 5 1
Daly City 1.4 4 3.5 1
East Palo Alto 1.8 5.7 5 2.4
El Granada 3.8 3.7 4.7 9
Foster City 1.8 1 2 2.8
Half Moon Bay 2.9 2.7 4 16
Hillsborough 2.3 2 3 5.9
La Honda 5 3.7 6 6
Loma Mar 3 2 3 0
Menlo Park 1.6 1.9 3 1.9
Millbrae 1.4 1.4 2.7 1.6
Montara 6.5 8 6 4.5
Moss Beach 2.3 13 9 5.5
Pacifica 1.6 2.6 3.7 1.3
Pescadero 10 8 10 2
Portola Valley 3.4 3.9 4 2.8
Redwood City 1 2.4 2.8 2.3
Redwood Shores 1.3 1 1 2
San Bruno 1.5 2 3.4 1
San Carlos 1.3 1.6 2 2
San Gregorio 2 0 2 2
San Mateo 1.4 1.8 2.6 2
South San Francisco 1.6 2.9 3 1
Woodside 9.5 3.7 3.8 7

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.

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Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

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