Monday Morning Market Minute – February 27th 2017

    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/

    Transcript – Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, February 27th 2017 with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 93, which is down from 94 of last week. We had 33 homes come on to the market, and we had 34 homes go into contract. Now that’s a very healthy number, we’re getting close to that 40-number that I like to see week in week out. Condominiums, we have 47 condominiums on the market — that’s up 1 of last week from 46. We had 16 condominiums come in the market, and we had 18 condominiums go into contract — very healthy week. So total-total, single-family homes and condominiums inventory is 140, which is exactly the number we had last week. Market is moving very good here, when we have homes coming on to the market, and they’re getting sold right away. So if you’re thinking of selling, now is a great time to get involved. Thanks for listening, have a great day, and I’ll talk to you next week.

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