Peninsula Real Estate Market UpdateThe third quarter San Mateo County market statistics continued to demonstrate the results of an inventory-strapped market with high buyer demand. Multiple offers were again the norm with average selling prices eclipsing list prices by anywhere from a marginal amount to as much as 25% in some cases. Nearly every city in San Mateo County experienced lower inventory numbers.Over the last several weeks more inventory has been being listed, and, on average, properties are staying on the market a bit longer. The number of offers per property have reduced over the last few months as well. Only time will tell if this is a temporary market shift, or if, in fact, the market is finally finding more balance.If you are thinking about moving this year, it will be vital to work closely with an experienced agent to navigate this challenging market. We will be happy to help you.