What’s Really Happening with Prices, Inventory, and Buyer Activity?
Hey there, San Mateo County homeowners, buyers, and real estate watchers!
If you’ve been keeping an eye on the market or thinking about buying or selling a home, here’s what you need to know from the latest numbers through June 2025. The market has shifted, but opportunities are still out there—whether you're moving up, downsizing, or just curious.
Let’s break it down.
Mortgage Rates Are Slowly Dropping
Good news for buyers: mortgage rates are finally coming down. As of early July, the average 30-year fixed loan rate was 6.67%. It’s not “cheap money” like we had a few years ago, but it's better than earlier this year.
At the same time, the economy is looking a little more stable. Stock markets are bouncing back, and people are starting to feel more confident again.
Home Prices Up from Q1, But Down Year-over-Year
The median house price in San Mateo County rose this spring compared to the start of the year—but it’s still about 2.5% lower than last summer.
Some cities like Atherton and Hillsborough are holding strong (thanks, tech boom), while others are leveling off or softening a bit.
Condo Prices Are Struggling
Condos haven’t seen the same price growth as single-family homes. In fact, the median condo price in June 2025 was down around 7% from last year.
If you’re a buyer looking for a lower price point, condos may be worth a second look right now.
More Homes for Sale = More Choices
There were 24% more homes on the market this June than last year. New listings are ticking up too, though only slightly from last month.
This means more options for buyers—but also more competition for sellers. Pricing your home correctly is really important now.
Buyer Activity Is Up
More homes went into contract in June 2025 than a year ago, but not quite as many as in May. Buyers are active, but they're being picky. The market still moves fast for well-prepared homes, but anything overpriced or outdated tends to sit longer.
Inventory Is Climbing
The supply of homes for sale is still low historically, but it’s higher than it’s been the last few years—especially for June. We're not in a full-on buyer’s market yet, but the playing field is more balanced.
What This Means for You
Thinking of Selling?
You’ve still got a great chance to make a strong sale—if your home is priced right, marketed well, and move-in ready. There's buyer demand, especially in popular neighborhoods and school districts. But gone are the days of overpricing and hoping it sticks.
Thinking of Buying?
You’ve got more options and more power to negotiate. Rates are slightly better, prices have cooled a bit, and there’s less frenzy. Just be ready to move quickly if the right one pops up.
Need help navigating the market or have questions about your neighborhood? Let’s talk.
