Uncategorized May 20, 2020

April 2020 Data for San Mateo and Santa Clara Counties

April 2020 Data for MLSListings Counties (from North to South):
In San Mateo County, the median Residential Common Interest home cost $1,045,000 and sold in 10 days for 103%
of the list price based on 76 sales in April 2020.
• Inventory rose 19% from March, but down -15% from April 2019 with 126 homes available, compared to 149
homes last year.
• The market sped up – Average days on market (DOM) dropped -1 days from 18 to 17 days or -6%; median
DOM remained the same as the month before.
• Number of new listings for the month of April decreased -21% over March and decreased -43% from April
of last year.
• Closed sales decreased -34% from March from 116 to 76, and down -36% from April 2019.

In Santa Clara County, the median Residential Common Interest home cost $822,000 and sold in 8 days for 102%
of the list price based on 207 sales in April 2020.
• Inventory rose 20% from March, but is down -30% from April 2019 with 449 homes available, compared
to 640 homes last year.
• Average days on market (DOM) dropped -7 days from 23 to 16 or -30%; median DOM dropped -1 day
from the month before.
• Number of new listings for the month of April decreased -32% over March and was down -49% from April
of last year.
• Closed sales decreased -29% from March from 293 to 207 and were down -40% from April 2019.