San Mateo Real Estate Absorption Rates October 2008, 2007, 2006

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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.

Looking at Daly City take another dramatic dip in inventory – from 8 months to 2 - makes me want to take a look at these numbers over the previous months of 2008.  That’ll give a closer look at the direction of the market – perhaps less dramatic because we’ll be able to see the inventory decline a bit at a time instead of this amazing switch.

Pacifica is another market heading in a less volatile direction as well - its inventory cutting in half.

Redwood Shores has taken a huge hit jumping from 1 month to 16 months’ – holy cow.  Woodside has doubled from 8 to 17 months’ year to year.

10/31/2008 10/31/2007 10/31/2006
Atherton 7.25 3.38 4.22
Belmont 3.6 1.95 1.44
Brisbane 5.5 3.33 2
Burlingame 2.94 3.79 1.68
Colma 3 3 2
Daly City 1.8 7.71 2.5
El Granada 4.8 8 3.57
Foster City 3.75 2.17 2
Half Moon Bay 6.25 6.86 3.14
Hillsborough 7.63 2.79 3.5
La Honda 6.5 14 1.5
Loma Mar 2 1 1
Menlo Park 4.73 5.19 1.83
Millbrae 2.56 4.89 1.88
Montara 13 3.6 9.33
Moss Beach 4.25 3.25 7
Pacifica 2.76 6.24 3.04
Pescadero 9 11 3
Portola Valley 34 2.6 5
Redwood City 2.58 5.24 1.78
Redwood Shores 16 1.38 3.5
San Bruno 1.7 7.06 2.67
San Carlos 3.65 2.16 2.17
San Gregorio 2 2 2
San Mateo 3.08 2.45 1.98
South San Francisco 2.74 9.76 3.43
Woodside 16.67 8 4.08

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

photo credit

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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  1. [...] 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 [...]

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