San Mateo County median home prices rise in February, sales still down

According to the latest Dataquick news, San Mateo’s median home price in February 2009 is now $502,250, which is slightly up from January 2009’s median of $489,500.  However, sales volume is down another 9% in San Mateo.  Usually sales is supposed to pick up during March to September, so we will see what happens because winter generally tends to be slow.  Compared to February 2008, San Mateo’s median price is only down 22%, and this performance is much better than the entire Bay Area.

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