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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 June 2024 VS July 2024:
The Number of SOLD listings decreased by 17% to 70 properties, with a top sale of $4,500,000 million at 107 Clark Drive.
The Average Sales Price increased by 6% to $1,904,466 million, moving the Average Price Per Square Foot down to $1,113 per square foot.
As measured in monthly supply, the inventory of properties available for sale increased by 20% to 1.80 monthly worth of properties for sale
The average 30-year fixed mortgage rate decreased to 6.86%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
