The inventory of available homes for sale on the Peninsula is at a low for the year creating a strong sellers’ market fueled by continued strong buyer demand. Interest rates remain favorable and buyers are ready to purchase but are unable to find a home to buy in this tight market. When a property does come on the market, it will likely receive multiple offers if it is in a good neighborhood and priced correctly. Hopes are that 2014 will bring an influx of new inventory and a more stabilized market.
We monitor all cities on the Peninsula for market data on a quartlerly basis. If you would like to see the full report for either San Mateo or Santa Clara County or both, text me at 650.888.1886 or send me an email at [email protected].