Active Listings Vs Pending Sales in Various Price Ranges in San Mateo County

It is apparent that below $400000 , the sales are very brisk and the supply cannot even catch up with the demand. However above 3 million, we have a glut of homes . Out of 138 total listings only 22 were listed as sales thus we have now a supply of 6 months which is not as bad as in Santa Clara for the high priced market where we have a 13 month supply of homes above 3 Million.The reason for this is that financing is not as easy to get as banks are very gun shy.Already burnt badly , they do not want to take a chance.Already Bank of America is going to reduce Conforming loan limit from July 1 even though FHA loan limits are not going to change till Oct. 1, 2011

San Mateo County	For The Month of May, 2011
Single Family Homes
Range	Active	Pending Sale	Ratio
3 Million to 30 Million	116	22		5.27
2 Million to 3 Mil	75	18		4.17
1Mil to 2 Mil	291	147		1.98
900k to 1 Mil	82	39		2.10
800k -900K	87	53		1.64
700K to 800K	110	74		1.49
600K-700K	116	71		1.63
500K-600K	162	117		1.38
400K-500K	206	199		1.04
300K-400K	100	117		0.85
200K-300K	29	99		0.29
100K-200K	4	21		0.19