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Monday Morning Market Minute – April 17th 2017

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 17th 2017, with your Monday Morning Market Minute at Newport Beach. Okay, single-family inventory is way down to 106. Last week was 122. We had 37 homes come on the market, and we had 51 homes go into contract. That’s the best number this year. Condominiums, we have 45 condominiums on the market right now — that’s down from 54 of last week. We had 13 homes come into the market, and we had 19 homes go into contract. So, total-total, single-family homes and condominiums, the inventory is 151. That’s way down from 176. This market is continually going hot and strong, so if you’re thinking of selling your home, still now is a great time to put your home on the market. Thanks for listening, have a great day, and I’ll talk to you next week.

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