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Monday Morning Market Minute – July 31st 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 31st 2017 with your Monday Morning Market Minute — sitting in Cooperstown, New York. There’s 25 fields here — watching my youngest kid play baseball. What a great experience. Okay, single-family inventory from South San Francisco to Redwood City right now is 116 — that is down from 135 of last week. We had 34 homes come on the market, and we had 43 homes go into contract — that’s a very healthy number. Condominiums, we have 68 condominiums on the market — that’s up from 62 of last week, with 21 condominiums coming on the market, and 16 condominiums go into contract — a pretty healthy number. So total-total, single-family homes and condominiums from South San Francisco to Redwood City, right now inventory is 184 — that is down from 197. The market just got hotter. So if you’re thinking of selling your home, now is stil a great time. Thanks for listening, have a great day, and I’ll talk to you next week.

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