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Monday Morning Market Minute – April 18th 2016

Real Estate Update – Mid Peninsula
Inventory is up and sales are strong this week.

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Transcript – Hi, this is Dan Gilmartin, Gilmartin Group Real Estate Company in Burlingame, California, April 18th, with your Monday Morning Market Minute. Okay, single family inventory from South San Francisco to Redwood City, is today 165. That’s up from 155 last week. We had 57 homes come on the market. Kind of a large number but here’s some good news. 41 homes went into contract. That’s a very healthy number. Condominiums we have 66 condominiums on the market. We had 60 last week. We had 27 condominiums come on the market and we had 19 go into contract. So from South San Francisco to Redwood City, roughly 82,000 homes, a little more than that the inventory is 231. That is up from 218 last week. Inventory is starting to grow some more so if you’re thinking of selling your home sooner is better than later. Thanks for listening, have a great day. I’ll talk to you next week.

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