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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 residential properties, here’s what happened in Quarter 1 2023 VS Quarter 1 2024:
The Number of SOLD listings decreased by 9% to 136 properties, with a top sale of $8,000,000 million at 201 W Poplar Avenue.
The Average Sales Price increased by 11% to $1,689,037 million, moving the Average Price Per Square Foot up to $1,027 per square foot.
As measured in quarterly supply, the inventory of properties available for sale increased by 31% to 1.70 quarterly worth of properties for sale
The average 30-year fixed mortgage rate increased to 7.01%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
