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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 Santa Mateo County residential properties here’s what happened in June 2026 VS July 2026:
The Number of SOLD listings decreased by 15% to 459 properties, with a top sale of $33,250,000 million at 112 Almendral Avenue.
The Average Sales Price increased by 5% to $2,595,665, while the Average Price per Square Foot fell to $1,179.
As measured in monthly supply, the inventory of properties available for sale increased by 14% to 1.60 months’ worth of inventory.
The average 30-year fixed mortgage rate increased to 6.69%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
