San Mateo’s Real Estate Absorption Rates: Jan-Dec 2010

San Mateo Real Estate Market’s Absorption Rates

The absorption rate is a quick way to see if the San Mateo real estate is going up or down in inventory. 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.

*  Definitely sellers’ market.  There’s more houses under contract than there are for sale.

Absorption Rates Aren’t The Whole Story

Absorption rates can’t be the only statistic used when evaluating a real estate market because – like any statistic – it’s not the whole picture.

Redwood Shores has two months worth of inventory on the market. That’s because there are only two active homes for sale and no homes currently under contract.

Jan Feb March April May June July Aug Sept Oct Nov Dec
Atherton 7 5 13 7 4 12 8 5 4 8.6 8 4
Belmont 1 2 2 * 1 2 2 2 2 2 * 1
Brisbane 3 2 2 2 1 2 2 1 2 6 6 5
Burlingame 2 2 2 2 2 2 2 2 2 3 1 2
Daly City * * * * * * 1 1 1 2.5 1 1
E Palo Alto * * * * * * * * * * * *
El Granada 2 3 3 2 2 2 2.5 9.5 5 11 5 5.5
Foster City 2 * 3 2 * 1 2 1 2 9 * 2
Half Moon Bay 7 6 4 5 2 4 4 3.5 6 10 5 4
Hillsborough 3 3 4 4 5 4 3 5 6 11 4 3
Menlo Park 1 1 2 2 2 1 2 1 2 4 1 1
Millbrae 1 2 1 1 1 1 2 1 1 2 1.5 1
Montara 4 19 20 12 2 2 3 2 3 5.5 3 8.5
Moss Beach 13 16 5 3 19 23 4 4 2 8.5 2 3
Pacifica 1 2 1 2 1 2 2 2 2 3 2 2
Pescadero 5 4 8 10 11 13 13 13 16 13 13 12
Portola Valley 4 5 4 3 4 4 4 8 6 11 3 4.5
Redwood City 1 1 1 1 1 2 2 2 2 3 1 2
Redwood Shores * 1 * * 2 2 1 3 4 4 * 2
San Bruno * * * * 1 1 2 1 1 2 1 2
San Carlos 1 * 1 2 1 2 2 2 2 3 2 2
San Mateo * 1 * 1 1 1 2 2 1 2 1 1
So San Francisco * * * * * 1 1 1 2 2 1 1
Woodside 3 4 2 7 4 7 13 9 9.5 17 7.5 6

Speak Your Mind

*