May 2020 Crisis Update

Alicia Sanguinetti


View in browser


San Mateo County Real Estate Market Begins to Bounce Back - Slowly 

Market activity begins to tick up after severe shelter-in-place plunge. No decline in median home prices. Interest rates hit new low.

May 2020 Crisis Update


Shelter-in-place caused steep drops in activity across the board in what is typically the busiest selling season of the year. However, though still far below normal levels, activity has been slowly picking up since bottoming out in late March/early April, and will presumably continue to do so with the easing of both shelter-in-place and property-showing rules. 


So far, home prices have seen no declines. In fact, there have been substantial year-over-year gains, but a fair proportion of the sales behind April median sales prices still reflects offers accepted prior to shelter in place. 


Interest rates hit a new historic low in the last week of April. 

Week by Week Supply & Demand Trends

The only way to clearly perceive the recent changes in the market - sudden plunge and the beginning of recovery - is by looking at WEEKLY trends in buyer and seller activity. These are illustrated in this first chart below.

Year-over-Year Changes in Median Home Sales Prices 

Generally speaking, the first months of 2020 have been characterized by often substantial year-over-year increases in median home sales prices across the Bay Area.

Long-Term Trends in Median House Prices


- 12-Month Rolling Illustration 



Monthly Supply & Demand, Year-over-Year Comparisons


The next series of charts reflects the dramatic changes in seller and buyer dynamics by MONTH as compared to spring 2019. These don't illustrate the uptick in activity in the most recent weeks.



Year-over-Year Changes in Luxury Home Markets 



Mortgage Interest Rates 





We are not going to review the economic news already extensively covered in the media, except for this stark illustration of the unparalleled rise in unemployment. How quickly this horrifying trend can be reversed will probably be the single largest factor behind an economic recovery.  


Alicia Sanguinetti DRE #: 01183262 |

© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.

Want to stop receiving our emails?  Unsubscribe now.


We offer the highest level of expertise and service with integrity. Alicia and Andrew are one of the leading real estate agents in the San Francisco Bay Area, specializing in Hillsborough, Burlingame, San Mateo and surrounding communities. Alicia and Andrew's passion, local reputation among their peers and strong ties to their community make them a true asset to anyone buying or selling a home.

Contact Us

Follow Us on Instagram