Beyond the Minute – Episode 31, inventory has peaked 2 weeks in a row!

    Hosted by Dan Gilmartin & Timothy D. Gilmartin

    Website: www.thegilmartins.com

    The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 330! We have now hit the new peaks of 2019 twice, two weeks in a row inventory has been on the rise, what does this pose for the remainder of the year ? However we are still under the 2018 peak which was 344 for reference. We are seeing more sales happen coinciding with the high inventory which is showing a healthy market, if the sales begin to dip is where we see a change in market. The market was not on “vacation” as we posed before. The list price and sales price ratio is holding strong at 100% however in the past 18 months we have been used to see 103-104%. When inventory after labor day exceeds the peak of June/July means we might see a slower finish than usual, meaning we might see the squishy market happen again. Listen to the episode to hear the examples in our segments “That Sold for What?!”

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