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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 Quarter 3 2024 VS Quarter 3 2025:
The Number of SOLD listings increased by 2% to 1316 properties, with a top sale of $387,000,000 million at 3256 Shelter Creek Lane.
The Average Sales Price increased by 20% to $2,490,632 million, moving the Average Price Per Square Foot up to $1,531.
As measured in quarterly supply, the inventory of properties available for sale remains unchanged at 2.00 quarters’ worth of properties.
The average 30-year fixed mortgage rate remains unchanged at 6.27%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
