San Mateo’s Real Estate Absorption Rates: Jan-Nov 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.

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

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