May 2020 Sales Data – San Mateo and Santa Clara Counties

May 2020 Data for MLSListings Counties (from North to South):

In San Mateo County, the median Residential Common Interest home cost $890,000 and sold in 7 days for 100%
of the list price based on 55 sales in May 2020.
• Inventory rose 29% from April, but down -7% from May 2019 with 165 homes available, compared to 177
homes last year.
• The market sped up – Average days on market (DOM) dropped -1 days from 17 to 16 days or -6%; median
DOM dropped 3 days from the month before.
• Number of new listings for the month of May increased 60% over April and decreased -20% from May of last year.
• Closed sales decreased -28% from April from 76 to 55, and down -51% from May 2019.

In Santa Clara County, the median Residential Common Interest home cost $815,000 and sold in 16 days for 99%
of the list price based on 151 sales in May 2020.
• Inventory rose 20% from April, but is down -29% from May 2019 with 547 homes available, compared to 771
homes last year.
• Average days on market (DOM) increased 9 days from 16 to 25 or 56%; median DOM increased 8 days from
the month before.
• Number of new listings for the month of May increased 41% over April and was down -40% from May of last year.
• Closed sales decreased -28% from April from 210 to 151 and were down -64% from May 2019.
In Santa Cruz County, the median Residential Common Interest home cost $616,500 and sold in 19 days for 98%
of the list price based on 26 sales in May 2020.
• Inventory was up 14% from April and up 20% from May 2019 with 130 homes available, compared to 108
homes last year.
• Average days on market (DOM) increased by 22 days from 26 to 48 days or 85%; median DOM went up by 8
days from the month before.
• Number of new listings for the month of May increased 61% over April and is up by 8% from May of last year.
• Closed sales increased 8% from April from 24 to 26, but was down -35% from May 2019.