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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 the 3rd Quarter of 2023 versus the 3rd Quarter of 2024:
The Number of SOLD listings decreased by 6% to 207 properties, with a top sale of $4,650,000 million at 2184 Cobblehill Place
The average sales price increased by 14% to $1,828,088 million, resulting in the average price per square foot rising by $1,106.
As measured in quarterly supply, the inventory of properties available for sale increased by 21% to 2.30 quarterly worth of properties for sale.
The average 30-year fixed mortgage rate increased to 6.24%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
