Dataquick March report – San Mateo sales volume at 380

Here is this month’s Dataquick report. San Mateo County’s sales volume is now at an all time low of 380 units. Median price is now at $506k. Now that the foreclosure moratoriums are over we should see more foreclosures coming on the market. Prices will not recover until demand recovers, and now many people are buying in Santa Clara County instead.

Also, Oracle is going to swallow up Sun Microsystems, and that probably means a few thousand well paying job cuts in the area following the acquisition.

April 22, 2009 | Filed Under All Cities

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