Real Estate Update – Mid Peninsula

Dan Gilmartin reviews the weekly home inventory numbers.

See your home value right now: http://www.thegilmartins.com/home-valuation/

Video Transcript

Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, May 27th, 2019, with your Memorial Day Monday Morning Market Minute . 

Single family inventory from South San Francisco to Redwood City right now is 179 that is down from 189 of last week, and 189 of last week was a 2019 peak.  We had 38 homes come onto the market 41 homes go into contract that that is what we like to see week in and week out, that is the same number we saw last week.

Condominiums right now, 97 condominiums thats up from 94 of last week, 94 was a 2019 peak, nwo we have a new 2019 peak which is 97. We had 15 condominiums come onto the market and we had 16 condominiums go into contract that is a healthy number slight below last weeks 17 but still a very healthy number.

So total total from South San Francisco to Redwood City inventory is 276, thats down from 283 of last week which was a  2019! So what does this all mean ? Well, when you do the numbers we are under a 5 week market which really means this market is really really healthy.  Thanks for listening, we hope you enjoy your Memorial Day, God Bless this country and God Bless the me and women who protect us for this incredible country!

When it comes to Beyond the Minute we will get into the studio tomorrow to record and probably be released by Wednesday this week.

Thanks for listening God Bless this country on Memorial day and we will talk to you next week!