The number of home sales in the Millbrae market jumped 33.3% to 16 homes over the last 30 days, exceeding the 14.4 monthly average for the last 12 months. At the same time, close-by San Mateo reported 91 home sales, the highest number from all the surrounding cities. Prices are rising in Millbrae, and the median sales price this period increased from $1,487,500 to $1,550,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Millbrae is a solid seller's market.
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