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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 March 2025 VS April 2025:
The Number of SOLD listings increased by 23% to 475 properties, with a top sale of $32,100,000 million at 94 Melanie Lane.
The Average Sales Price increased by 4% to $2,357,649 million, moving the Average Price Per Square Foot rose to $1,141.
The supply of properties for sale, measured in months of inventory, remained steady at 2.10 monthly worth of properties for sale, showing no significant change.
The average 30-year fixed mortgage rate remains unchanged at 6.81%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
