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Monday Morning Market Minute – December 12th 2016

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, December 12th 2016 with your Monday Morning Market Minute. Single-family inventory, 103 homes on the market from South San Francisco to Redwood City. That’s the same as last week. We had 4 homes come on the market only. And we had 17 homes go into contract — only 17. Condominiums, 56 condominiums on the market — that’s up slighty from 51. Interesting, with only 3 new condominiums come on to the market, with 15 homes going into contract — that’s a pretty healthy number right now for condominiums. So total-total from South City to Redwood City, inventory is 159, up slightly from 154 and last week was just the opposite. So we’re hovering right now around the 155 marker. If you’re thinking of buying, this could be a time right here right now with what’s going on, and if you’re selling, there’s still really no inventory. Thanks for listening, have a great day, I’ll talk to you next week.

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