Monday Morning Market Minute – April 4th 2016

    Get the SPECIAL here: http://tinyurl.com/hdmzngw

    Real Estate Update – Mid Peninsula
    Inventory is slightly higher this week after spring break and the Easter Holiday and it’s expected to continue to grow through summer. See your home value right now: http://www.thegilmartins.com/home-valuation/

     

    Transcript -Hi, this is Dan Gilmartin, Gilmartin Group Real Estate Company in Burlingame California, April 4th, 2016, the first Monday of the second quarter. Single family inventory is 133. Now the first Monday of 2016 the inventory was 63. So we’ve more than doubled from the first Monday of the year until today. We had 47 homes come on the market and we had 37 home go into contract. On the condominium side we had 63 condominiums on the market. That’s up from 59 of last week, with 31 condominiums come on the market. And we had 22 condominiums go into contract. So total, single family homes and condominiums, the inventory is 196. Last week was 184 and the week before that it was 196. Kind of shows you that holiday week, that Easter week, that Spring break week, how things kind of slow down a little bit. But inventory is certainly growing, from 63 homes on the market all the way up to 133. Inventory will continue to grow. We usually top out around June or July and then it tends to go down a little bit. So, if you’re thinking of selling your home the special is still going. Click the button below to watch the video about our special that ends April 15th. Thanks for listening. Have a great day. Talk to you next week.

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