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Monday Morning Market Minute – August 1st 2016

Real Estate Update – Mid Peninsula

Home inventory hit the highest levels in 2016 this week. Dan Gilmartin explains the weekly house inventory numbers.

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Transcript – Hi, this is Dan Gilmartin with the Gilmartin Group Real Estate Company, with the family on a family vacation here at Long Island New York City with your Monday Morning Market Minute, August 1st 2016. Okay, here we go. Single-family inventory from South San Francisco to Redwood City currently now single-family is 207. We had 51 homes come on the market, with 44 homes go into contract — still that’s a healthy number. Condominiums, we have 66 condominiums on the market. We had 17 condominiums come into the market, and we had — here’s a great number — 21 condominiums go into contract. So total-total single-family homes and condominiums, from South San Francisco to Redwood City, 273. Hey, I hope you’re having a great time right now, ’cause we certainly are. Thanks for listening, have a great day, I’ll talk to you next week.

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