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Monday Morning Market Minute – October 31st 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 31st 2016. Happy Halloween! with your Monday Morning Market Minute. Okay, single-family home from South San Francisco to Redwood City, currently is 156, which is down from 170 of last week. We had 29 homes come on to the market, and we had 38 homes going to contract hovering around that 40 number that we are always watching, week in and week out. Condominiums we have currently 88 condominiums on the market, which is up from 78 last week. We have 21 condominiums come in to the market, that’s a very healthy number for this time of year. And we had 13 condominiums going to contract, little lower than we like to see. So total-total, single-family homes and condominiums from South San Francisco to Redwood City, inventory is 244 down slightly from 248. So inventory is still going down and still very low. And if you’re contemplating in putting your home in the market this year, it’s still a good time. I have a whole list of reasons why it’s a good time to put your home on the market during the holidays. So if you’re thinking of doing that please give me a call. I’d love to go over the reasons why, and help you get what you want and the time you want. Thanks for listening, have a great day, I’ll talk to you next week.

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