Peninsula Real Estate Market Update – June 2017

The median sales price slipped back the tiniest bit in May from April’s an all-time high for single family homes in San Mateo County, ending up at $1,473,850. The incredibly tight supply coupled with strong demand pushed the prices up and the overbids as well. Single family homes sold at a median overbid of 108.1%, also down from April’s 108.6%, but higher than last May’s 106.1%.

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This post was written by Rumana Jabeen

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