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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 on the 3rd Quarter in 2022 versus 3rd Quarter in 2023:
The Number of SOLD listings decreased by 16% to 1162 properties, with a top sale of $33,500,000 million at 100 Why Worry Lane, Woodside.
The Average Sales Price increased by 5% to $2,122,748 million, moving the Average Price Per Square Foot remained the same at $1059 per square foot.
As measured in quarterly supply, the inventory of properties available for sale increased by 5% to 2.10 quarterly worth of properties for sale.
The average 30-year fixed mortgage rate increased to 7.55%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
