San Mateo County Home Prices Plummet: Report

Residential real estate prices have fallen nationwide in recent months, as higher interest rates enacted by the Federal Reserve to tamp down inflat...

August 18, 2022
9:54 AM

Residential real estate prices have fallen nationwide in recent months, as higher interest rates enacted by the Federal Reserve to tamp down inflation has cooled off what's been a red-hot market in recent years. (Shutterstock)SAN MATEO COUNTY, CA — Median single-family San Mateo County home prices saw a double-digit drop last month, The San Mateo Daily Journal reports.Prices fell to $1.8 million, a 12 percent drop from June to July and a 20 percent fall from April, when the value of median single-family San Mateo County homes hit an all-time high of $2.

Gideon Rubin