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Monday Morning Market Minute – October 24th 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 Estate Company in Burlingame, California, October 24th 2016 with your Monday Morning Market Minute. Okay, from South San Francisco to Redwood City, single-family inventory right now is 170 which is down from 181 of last week. We had 41 homes come on to the market, and we had 48 homes go into contract, which is a very healthy number because last week we only had 31 homes go into contract. Condominiums, we have 78 condominiums on the market. We had 19 come into the market, and 16 condominiums go into contract. So, total-total, single-family homes and condominiums from South San Francisco to Redwood City, current inventory is 248 which is way down from 263. Hey, just like I’ve been saying, inventory’s going to continue to drop here as we go throughout the year. Now is a great time to put your home on the market if you’re thinking of selling, and hey, if you’re thinking of buying, you want to buy your home right now before the end of the year. You better act quickly, because inventory’s only going to get shorter, and your choices are going to be less. So, thanks for listening, have a great day, I’ll talk to you next week.

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