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Monday Morning Market Minute – February 20th 2017

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 20th 2017 — Happy Presidents’ Day — with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 94 which is down from 96. We had 24 homes come on to the market, and we only had 26 homes go into contract. But again, with inventory so low, it’s very difficult to get a 40-number that we’re always looking for. Condominiums, we have 46 condominiums on the market — that is way down from 60 of last week. We had 12 condominiums come in to the market, and we had 21 condominiums go into contract — that’s a very very healthy number. So, from South San Francisco to Redwood City, single-family homes and condominiums, the inventory right now is 140, which is down from 156. This market is getting hotter by the minute which is amazing. So if you’re thinking of selling your home, right now is a great time to take advantage of this low inventory. Thanks for listening, have a great day, I’ll talk to you next week.

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