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Monday Morning Market Minute – September 25th 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, September 25th 2017, with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 143 — that’s down from 146 of last week. We had 51 homes come on to the market, and we had 47 go into contract — very healthy number. Condominiums, we have 56 condominiums on the market right now — that’s down from 65 of last week. We had 20 condominiums come into the market, and 30 condominiums go into contract — that is one of the largest sales for condominiums in 2017. So total-total, from South San Francisco to Redwood City, condominiums and single-family homes, inventory is 199 — that’s down from 211 of last week. Now you may have heard me say last week that we’ve gone over 200 seven times in 2017, and every single time, we’ve bounced back underneath 200; here we are at 199. Very very healthy market. Hey, thanks for listening, have a great day, and I’ll talk to you next week.

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