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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 February 2024 versus January 2024:
The Number of SOLD listings increased by 74% to 47 properties, with a top sale of $8,000,000 million at 201 W Poplar Avenue.
The Average Sales Price increased by 20% to $1,824,131 million, moving the Average Price Per Square Foot up to $1,059 per square foot.
As measured in months’ supply, the inventory of properties available for sale decreased to 1.90 months’ worth of properties for sale
The average 30-year fixed mortgage rate decreased to 7.22%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
