The residential real estate market in San Mateo County and the Silicon Valley has been strongly favoring sellers since 2012-2013.
Since then prices have risen dramatically, multiple offers have been the norm on almost every listing (except the extreme high end), and buyers outnumber available homes by a wide margin.
This last month, however, I've been wondering if a shift has begun, or is the market just taking a breath as summer arrives?
It's too early to tell, but these are some interesting numbers for single family homes that I pulled for my newsletter readers.
Notice how inventory in every city has grown since November. Notice how many homes have experienced price decreases.
Are we starting to see a shift in the residential market in San Mateo County and the Silicon Valley? Time will tell.