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Monday Morning Market Minute – February 12th 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, February 12th 2018 with your Monday Morning Market Minute.

Alright, single-family inventory from South San Francisco to Redwood City right now is 89 — that’s up 10 from last week. We had 45 homes come on the market — good news for buyers, something to look at this week. And we also had 33 homes go into contract — that’s a healthy number since the inventory was so low last week.

Condominiums right now, we have 40 condominiums on the market — that’s up from 33 of last week. We had 22 condominiums go into the market, and we had 13 condominiums go into contract — again that’s also a healthy number with such low inventory.

So, total-total, from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 129 — that’s up from 112 of last week. So we only have 129 homes for sale on the market right now.

Little recap: there are roughly 66,000 single-family homes from South San Francisco to Redwood City and there’s well over 3,000 agents that belong to the board. I can certainly think out of the 3,000 agents, 1,200 of them are trying to make a living from South City to Redwood City. So I have 1,200 agents trying to sell 89 single-family homes. So if you’re thinking of selling your own home, right now, it is super hot. We can really help you get what you want, and the time you want.

Hey, thanks for listening, have a great day, and I’ll talk to you next week.

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