Listings vs Solds 2013 – 2014

Looking for a home and finding it incredibly frustrating? Statistics corroborate what you are actually experiencing.  This time last year we had approximately 33% more homes on the market in San Mateo County than we have actively for sale now. The average list prices of new 2014 listings are 30% higher than they were this time of year 2013. Lack of inventory has contributed to our higher housing sale prices. Interestingly enough our highest sales volume of listing prices is between $2M and $3M. Which was a section of the real estate market, that had previously suffered from the downturn in the economy.