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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 November 2023 versus October 2023:
The Number of SOLD listings decreased by 11% to 347 properties, with a top sale of $16,888,888 million at 2 Rosewood Drive Atherton
The Average Sales Price decreased by 6% to $2,055,400 million, and the Average Price Per Square Foot down to $1,054 per square foot.
As measured in months supply, the inventory of properties available for sale decreased by 10% to 1.90 months’ worth of properties for sale.
The average 30-year fixed mortgage rate decreased to 7.41%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
