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Monday Morning Market Minute – November 27th 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, November 27th 2017 with your Monday Morning Market Minute — and we hope you had a wonderful thanksgiving last week — we certainly did here at the Gilmartin Group. We have a lot to be thankful for.

Okay, single-family inventory from South San Francisco to Redwood City right now is 74 — that’s down from 86 of last week, and last year at this time that number was 103. We only have 74 single-family homes on the market right now — unbelievable. We had 12 homes come on the market. We had 20 homes go into contract — that’s a low number, but very common for a holiday week.

Condominiums right now, we have 25 condominiums on the market — that’s down from 32 of last week. We had 6 condominiums come into the market, and we had 10 condominiums go into contract, a low number but again with the holiday week, pretty good number.

So total-total, single-family homes and condominiums from South San Francisco to Redwood City, inventory is 99. Under a hundred. We have only 99 homes for sale on the market right now. I’ve said this in the past: there’s at least 3,000 agents that belong to the board, and in my opinion, at least 1200 of them are trying to make a living from South San Francisco to Redwood City, and we only have 99 homes for sale.

So, if you’re ever thinking of selling your home, and you think that the year is over and it’s gone, not at all. Now is still a great time to put your home on the market. Hey, thanks for listening, have a great day, and I’ll talk to you next week.

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