San Mateo Real Estate’s Absorption Rates

The absorption rate is a quick way to see if San Mateo houses are climbing in inventory or declining. It’s just one piece 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 San Mateo houses are in 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.

San Mateo Is A Seller’s Market

For three months in a row Daly City houses are showing less than a months’ worth of inventory for sale.   It’s got to be a record that Redwood Shores, San Bruno and South San Francisco houses are four months in a row with such little inventory.

Little inventory means more competition for buyers out there trying to find a home.

Real Estate Is Local

Remember, real estate is local.  It’s important to dig deeper, neighborhood by neighborhood.  But this gives us a good snapshot that inventory is down in these areas making it – without any doubt – a seller’s market.

Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.

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