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Welcome to The Rossetti Realty Market Update.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to MLS Listings, the marketplace for San Mateo County residential properties here’s what happened in August 2023 versus July 2023:
The Number of SOLD listings increased by 7% to 393 properties, with a top sale of $20,750,000 million at 30 Trail Lane
The Average Sales Price increased by 10% to $2,246,549 million, moving the Average Price Per Square Foot up to $1,058 per square foot.
As measured in months supply, the inventory of properties available for sale remained to 1.80 months’ worth of properties for sale.
The average 30-year fixed mortgage rate increased to 7.32%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
