MARKET REPORTS

LOCAL MARKET TRENDS I SAN MATEO COUNTY I MAY 2024

LOCAL MARKET TRENDS I SAN MATEO COUNTY I MAY 2024

The median sales price for single-family, re-sale homes set a new record high last month. It was $2,416,250. It was up 16.2% compared to last year. The average sales price rose 16.5% year-over year. The sales price to list price ratio rose from 106.9% to 107.8%.

 LOCAL MARKET TRENDS | SANTA CLARA COUNTY | MAY 2024

LOCAL MARKET TRENDS | SANTA CLARA COUNTY | MAY 2024

The average sales price for single-family, resale homes also set a new high for the second month in a row. It was up 15.4% year-over-year. The average sales price was $2,438,990. The sales price to list price ratio fell from 110.7% to 109.2%.

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