San Mateo Real Estate Absorption Rates: August 2008, 2007, 2006

The absorption rate is a quick way to see the direction of San Mateo’s real estate market when compared to a previous period.  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.

The most striking is Daly City.  I checked the numbers twice.  From ten months inventory – clearly a buyers’ market – to 2 months last month.

San Bruno and South City also show quite a change:  7 months to 2 this past month.

July 2008, 2007, 2006 absorption rates

8/30/2008 8/30/2007 8/30/2006
Atherton 14 2.9 2.9
Belmont 3.8 1.9 1.1
Brisbane 5.5 1.7 11
Burlingame 2.1 3.1 2.7
Colma 4 4 1
Daly City 1.96 10.7 2.4
El Granada 2.7 5 3.7
Foster City 1.2 2 1.2
Half Moon Bay 3.8 12 4.7
Hillsborough 4.1 2.6 3.1
La Honda 6.5 6 3
Loma Mar 3 2 4
Menlo Park 4.1 2.8 3.5
Millbrae 2 3.3 2.9
Montara 10 5.3 11
Moss Beach 2.4 5 5
Pacifica 2.97 4.7 3
Pescadero 10 4.3 6.5
Portola Valley 10.5 2.8 9
Redwood City 2.9 4.4 1.8
Redwood Shores 0 1.8 4
San Bruno 1.7 7 1.6
San Carlos 1.8 1.9 1.6
San Gregorio 2 2 3
San Mateo 2.4 3.4 1.9
South San Francisco 1.98 7.7 2.8
Woodside 8.6 5.9 7.7

Got a San Mateo County real estate question?   Call me at 650.888.9268 or send me an email Vicki [at] CallVicki.com.  You can also subscribe to my blog feed by clicking here.

All the best,
Vicki Moore

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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