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Monday Morning Market Minute – June 19th 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, June 19th 2017 with your Monday Morning Market Minute. Sorry for my voice; we had a long weekend of baseball, and I was cheering those little guys on, so I lost my voice a little bit. But single-family inventory from South San Francisco to Redwood City right now is 151. That’s up from 145. We had 47 homes come on the market, and 41 homes go into contract — as you know that’s a good number. Condominiums, we have 65 condominiums on the market — that’s from 65 just slightly. We had 27 condominiums come on the market, and we had 17 condominiums go into contract, and that’s a healthy number too. So, total-total, from South San Francisco to Redwood City, single-family homes and condominiums , inventory is 216. That’s up from 205, and still that inventory is way down. Hey, school is out. And buyers are out wanting to find that great home to get their kids into this new school year. So, if you’re thinking of selling you home, now is the time. I don’t want to sound like a sales person, but sooner is better than later, because a lot of people are thinking of selling their home, start to do that now. So who comes to the market first, actually wins. Thanks for listening, have a great day, and I’ll talk to you next week.

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