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Monday Morning Market Minute – July 10th 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, July 10th 2017 with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 131 — that’s up from 125 of last week. We had 42 homes come on to the market — that’s a very healthy number, but as predicted, after the 4th of July week, that’s right on schedule. We also had 34 homes go into contract; under that 40-number we like to see, but still a healthy number. Condominiums, we have 60 condominiums on the market right now — that’s slightly up from 58 of last week. We had 18 condominiums come into the market, and we had 16 condominiums go into contract, which is still a pretty healthy number. So total-total, from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 191 — that’s up from 183. So inventory is going to continue to rise, so if you’re thinking of selling your home, now is the time. Thanks for listening, have a great day, and I’ll talk to you next week.

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