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Monday Morning Market Minute – August 21st 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, August 21st 2017, with your Monday Morning Market Minute, here at the Olympic Club for the boys and girls’ annual Club Golf Classic. Okay single inventory right now is 119 — that’s exactly the same as last week of 119 — with 42 homes come on the market, with 37 homes come into contract, just under that 40-number that we like to see. Condominiums, we have 53 condominiums on the market right now. We had 12 condominiums come in the market, 16 condominiums go into contract — that’s a healthy number. So total-total from South City to Redwood City right now, single-family homes and condominiums, inventory is 178, up slightly from 172 of last week. So here we are, the last week of summer and this market continues to be very hot for sellers. Hey, thanks for listening, have a great day, and I’ll talk to you next week.

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