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Original post made on Mar 18, 2016

HIGH PRICES, STILL .... The inventory of homes in San Mateo County in February as well as total residential sales both increased by 8 percent over February 2015, according to the latest data by MLSListings Inc., a nonprofit that represents Realtor associations of Silicon Valley, Santa Clara, Monterey, Santa Cruz, Monterey, Pajaro Valley, Central Valley, and San Benito. San Mateo County inventory last month was 636 homes, compared with 587 a year ago; there were 196 sales as opposed to 181 in February 2015. In contrast, Santa Clara County saw its figures drop: Inventory decreased by 2 percent (1,717 homes in February compared to 1,761 a year ago) and sales declined by 1 percent (479 compared to 486 in 2015). For the region, "We are seeing more homes come on the market, fewer multiple offers from buyers, but high prices are keeping sales slow," Quincy Virgilio, chairman of MLSListings, stated in a press release.

Read the full story here Web Link posted Friday, March 18, 2016, 12:00 AM


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