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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 October 2023 versus September 2023:
The Number of SOLD listings decreased by 5% to 375 properties, with a top sale of $40,000,000 million at 233 Park Lane, Atherton
The Average Sales Price Increased by 4% to $2,193,170 million, and the Average Price Per Square Foot remained the same to $1,066 per square foot.
As measured in months supply, the inventory of properties available for sale increased by 5% to 2.10 months’ worth of properties for sale.
The average 30-year fixed mortgage rate increased to 8.01%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, don’t hesitate to contact Gail.
