Comments on: San Mateo Housing Absorption Rates May 2006-2009 http://www.sanmateorealestateblog.com/2009/06/san-mateo-housing-absorption-rates-may-2006-2009/ My blog about San Mateo County Real Estate. Vicki Moore is a licensed Realtor with Alain Pinel Realtors. Wed, 10 Mar 2010 04:52:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: admin http://www.sanmateorealestateblog.com/2009/06/san-mateo-housing-absorption-rates-may-2006-2009/comment-page-1/#comment-963 admin Mon, 06 Jul 2009 19:49:46 +0000 http://www.sanmateorealestateblog.com/?p=1662#comment-963 Glad you asked Pat. So what we're looking at is basically supply and demand. Let's look at the second chart - the one that shows January through May of this year. If you scroll to Pacifica, you'll see a definite trend there of inventory declining. As inventory declines there's fewer choices for buyers and it's likely that prices will increase because of the demand. The National Association of Realtors defines a buyers' market as one that has more than 6 months inventory. By looking at the chart you'll see that cities like El Granada and Half Moon Bay are in a buyers' market. Cities like Pacifica, San Bruno and San Mateo are considered sellers' markets. Does that help? Glad you asked Pat. So what we’re looking at is basically supply and demand. Let’s look at the second chart – the one that shows January through May of this year. If you scroll to Pacifica, you’ll see a definite trend there of inventory declining.

As inventory declines there’s fewer choices for buyers and it’s likely that prices will increase because of the demand.

The National Association of Realtors defines a buyers’ market as one that has more than 6 months inventory. By looking at the chart you’ll see that cities like El Granada and Half Moon Bay are in a buyers’ market. Cities like Pacifica, San Bruno and San Mateo are considered sellers’ markets.

Does that help?

]]> By: PL http://www.sanmateorealestateblog.com/2009/06/san-mateo-housing-absorption-rates-may-2006-2009/comment-page-1/#comment-960 PL Fri, 03 Jul 2009 16:54:29 +0000 http://www.sanmateorealestateblog.com/?p=1662#comment-960 what do the charts show? its not clear to me what do the charts show? its not clear to me

]]>