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Monday Morning Market Minute – May 8th 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, May 8th 2017 with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 143. That’s dowm from 148 of last week. We had 57 homes come in to the market, and we had 52 homes go into contract — that’s a really healthy number. Condominiums, we have 63 condominiums on the market right now — that’s up slightly from 59 of last week. We had 24 condominiums come into the market, and we had 16 condominiums go into contract — that is also a very healthy number. So from South San Francisco to Redwood City, single-family homes and condominiums, total inventory right now is 206 — that’s down 1 of last week with 207. So this market continues to show us how healthy it is; we have plenty of buyers. What we really need is more sellers. And if you’re thinking of selling you home, now is still a great time. Naturally, I’d love to come out to your home, take a look around, put a plan together to help you get what you want and the time you want. Won’t that be great? Hey, thanks for listening, have a great day, and I’ll talk to you next week.

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