Real Estate Update – Mid Peninsula
Dan Gilmartin reviews the weekly home inventory numbers.
See your home value right now: http://www.thegilmartins.com/home-valuation/
Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, December 23rd, with your holiday edition, Monday Morning Market Minute.
Single-family inventory from South San Francisco to Redwood City right now is 63 that is down from 87 of last week. We had 6 homes come onto the market and 13 homes go into contract, and yet with all this low inventory thats a pretty good number leading into a holiday week. Last week that number was 22
Condominiums right now…56, down from 70 of last week. We had 3 come on the market and 13 go into contract now thats a healthy number going into the holiday week with such low inventory!
So total total from South San Francisco to Redwood City single family homes and condominiums; inventory is 119, down from 157 of last week. Where is that going to take us in the new year? Certainly under 100, my guess 78, first week, first Monday of 2020 my guess is 78 total total on the market. What does that mean? A Very very hot Seller market to start the 2020 new year.
Thanks for listening have a great day have a wonderful Holiday and we will talk to you next week!