Real Estate Update – Mid Peninsula
Dan Gilmartin reviews the weekly home inventory numbers.
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Transcript – Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, April 10th, 2017 with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 122. Last week was 123. We had 42 homes come on the market, and we had 40 homes go into contract — that’s exactly what we’re looking for, very healthy. Condominiums, we have 54 condominiums on the market right now — that’s way down from 70 of last week. We had 11 condominiums come on to the market, and we had 28 condominiums go into contract — that is a super healthy number. So, total-total from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 176. That’s down from 193. This market just keeps moving, very healthy. So if you’re thinking of selling your home, now is still a great time to get on the market. Hey, thanks for listening, have a great day, and I’ll talk to you next week.