Real Estate Update – Mid Peninsula
Dan Gilmartin reviews the weekly home inventory numbers.
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Single family inventory, from South San Francisco to Redwood City, right now is 208. That’s up slightly from 204 of last week with 52 homes come on the market, which is a very healthy number. Last week, though, was even healthier 59. We just had 43 homes go into contract. And that’s the number we’d like to see week in, week out. Last week, though, that number was a whopping 50.
Condominiums were down to 150 condominiums on the market. That’s actually down from 157 of last week with 13 condominiums come on the market and with 15 condominiums going to contract. That’s a very healthy number. Not, quite as good as last week at 19.
So total total from south San Francisco to Redwood City, single family homes and condominiums. Inventory is 358. That’s actually down from 361 to last week. And that’s exactly why I thought would be happening. And that’s what we’re going to be looking for, as is the inventory going to continue to go down as we extend throughout the year. And if it does do that. 2021 is going to try really, really hot. Thanks for listening. Have a great day. And I’ll talk to you next week.