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Monday Morning Market Minute – November 21st 2016

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 Esate Company in Burlingame, California, November 21st 2016 with your Monday Morning Market Minute. The week of Thanksgiving — I love Thanksgiving, my favorite holiday, time to be thankful — time to be thankful for this wonderful place that we live. Okay, single-family inventory, 117 — that’s way down from 140 of last week. We had 20 homes come on to the market, and we had 36 homes go into contact — wonderful number this time of year, pre-Thanksgiving number. Condominiums, 76 condominiums on the market, slightly up from 74 of last week. We had 8 condominiums come into the market, and we only had 6 condominiums go into contract — that’s a very low number. So, from South San Francisco to Redwood City, single-family homes and condominiums, total inventory is 193, down from 214. Inventory continues to drop, so if you are thinking of selling your home this year, you still have time. Inventory’s continuing to go down, which means less competition. Let’s get the home ready for the holidays. Show it, sell it. What do you think? Hey, thanks for listening, have a great day, I’ll talk to you next week.

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