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Monday Morning Market Minute – December 24th 2018

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 24th 2018, with your Holiday Monday Morning Market Minute.

Okay, single-family inventory from South San Francisco to Redwood City right now is 97 — that’s down from 124 of last week. We had 5 homes come on the market, and we had 13 homes go into contract — that’s a great number for this time of December.

Condominiums right now, 48 condominiums on the market — that’s way down from 75 of last week. We had 2 condominiums come on the market, and we had 8 condominiums go into contract. Again, that’s a really healthy number for this time of year.

So total-total, from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 145 — that’s down from 199 of last week. That’s an extremely low number. So where we’re going to be the 1st Monday of 2019? Are we gonna be under 100 homes for sale? Can you imagine that? Not even 100 homes for sale? I mean, 145 is an extremely low number. People are gonna be wondering in the 1st quarter, wow this market didn’t slow down at all. According to these numbers, it’s not.

Hey, thanks for listening, have a wonderful holiday. From our family to yours, have a great day. Talk to you next week.

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