Real Estate Update – Mid Peninsula
Dan Gilmartin reviews the weekly home inventory numbers.
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So, what’s going on with the housing market on the Mid-Peninsula in San Mateo County? Welcome to the Monday Morning Market Minute, where I go over the weekly housing inventory report for the Mid-Peninsula in San Mateo County.
Hi, I’m Dan Gilmartin, part of The Gilmartin Group real estate company in Burlingame, California. It’s April 20th, 2026 — let’s get started.
Single-family inventory from South San Francisco to Redwood City is now at 203, up from last week’s 195. Last year at this time, the number was 215. In 2024, it was 164, and in 2023, it was 167.
We had 44 homes come on the market this week, compared to 59 last week. We also had 29 homes go into contract, down from 33 last week. Some of that dip is likely due to spring breaks and varying school schedules, which can impact weekly activity. Ideally, we like to see that number closer to 40 week in and week out.
The average days on market for those 29 homes was 13 days.
For condominiums and townhomes, there are currently 202 on the market, up from 195 last week. Last year at this time, the number was 217. In 2024, it was 145, and in 2023, it was 106.
We had 33 condos and townhomes come on the market this week, the same as last week, and 14 went into contract — also the same as last week.
The average days on market for both condos and townhomes that went into contract was 28 days, which are very strong numbers.
We also saw just three homes expire, cancel, or withdraw from the market, along with eight price reductions — both very low numbers and typical for the spring market.
Overall, total inventory from South San Francisco to Redwood City — including single-family homes, condos, and townhomes — is at 405, up from last week’s 390. Last year at this time, the number was 432. In 2024, it was 309, and in 2023, it was 273.
So yes, inventory is up, and compared to previous years it may seem significantly higher. But from a broader perspective, it’s still a relatively low number. There are over 60,000 single-family homes in this area, and only about 200 are currently for sale, with roughly 1,200 to 1,500 agents competing to sell them.
When you look at the bigger picture, inventory is still tight, meaning we are firmly in a seller’s market. However, there are more options for buyers than before, making it a slightly more favorable environment for them.
As I’ve been saying, now more than ever, strategy matters. Pricing matters. Preparing your home properly before going on the market matters. Buyers today are very informed — they understand pricing and know exactly what they’re looking for. If a home is priced above expectations, they may not even come to see it.
So it’s critical to prepare the home correctly and price it strategically from the start.
Thanks for listening, have a great day, and I’ll talk to you next week.