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Monday Morning Market Minute – July 11th 2016

Real Estate Update – Mid Peninsula

The home inventory is growing but sells are still strong. Dan Gilmartin explains the weekly house inventory numbers.

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Transcript – Hi, this is Dan Gilmartin with the Gilmartin Group Real Estate Company in Burlingame, California, July 11th, 2016 with your Monday Morning Market Minute inventory. Here we go. South San Francisco, Redwood City, current single-family inventory is 196 — that’s up from 182 of last week. The first Monday of 2016, that number was 63. So we’re up from 63 all the way up to 196. We had 56 homes come into the market — and last week that was 28. Different number there, very interesting to watch — and we had 42 homes go into contract. That’s a healthy number. Condominiums, we have currently 58. Condominiums on the market, that’s same as last week. We have 18 condominiums that came into the market, and we had 6 that go into contract. So, total-total from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 254. That is up from 240. Market is growing, but still moving. If you’re thinking about selling your home, you gotta get in the game now. Thanks for listening, have a great day, I’ll talk to you next week.

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