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Monday Morning Market Minute- January 20th, 2020

Real Estate Update – Mid Peninsula

Dan Gilmartin reviews the weekly home inventory numbers.

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Video Transcript

Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, January 20th, 2020,  with your Martin Luther King  Monday Morning Market Minute.

Single-family inventory from South San Francisco to Redwood City right now is 83, still under 100 homes… we had 31 homes come onto the market thats bigger than last weeks 20 so thats starting to happen. and we only had 15 homes go into contract again thats lows  number but relatively speaking thats a healthy number.

Condominiums right now…56 up from 49 of last week. We had 15 come on the market and 10 go into contract again thats a pretty healthy number with such low inventory.

So total inventory from South San Francisco to Redwood City single family homes and condominiums is..139, up from 116 of last week, still extremely extremely low number compared to last years number of 170. What is this saying? The spring market it starting right now meaning if you are thinking of selling your home you need to start thinking now. If you were thinking of Spring you need to speed up your thinking process so you should, Call us today so we can come out an give you a plan and ultimately help you get what you want in the time you want. won’t that be great?

Beyond the Minute Podcast.

Thanks for listening have a great day have a wonderful Holiday and we will talk to you next week!

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