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Monday Morning Market Minute – March 20th 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, March 20th 2017 — Happy Spring! — with your Monday Morning Market Minute. Single-family inventory from South San Francisco to Redwood City right now is 110 — that’s up from 101 of last week. We had 48 homes come on to the market, and we had 35 homes go into contract — a little under that 40-number that we’re looking for, but again, with such low inventory, that’s a pretty healthy number. Condominiums, we have 52 condominiums on the market, just up from 53 of last week. We had 16 condominiums come on to the market, with 18 condominiums go into contract — that’s a healthy number for condominiums from South San Francisco to Redwood City. So total-total, single-family homes and condominiums, inventory is 162 — that’s up from 154 of last week. So market’s opening up a little bit right there. All in all a very strong market. Again, if you’re looking to buy or sell, simply give me a call. We’ll sit down, put a plan together, and help you get what you want, the time you want. Won’t that be great?

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