Monday, September 14, 2015

As Predicted, New Listings Soar

Right on schedule, once the Labor Day holiday is behind us new listing volume has jumped up.

New listings of single family homes in the two weeks ending 9/14/15 jumped to 185 compared to 98 during the prior two week period.  Even more dramatically the new listings of condos reached 258 compared to 122 during the prior two week period.  This pattern (summer doldrums followed by a surge at the beginning of September) shows itself every year.

Nevertheless, total new listings is lower by 6% compared to the same period a year ago, which continues the trend we've seen during most of this year.

The full report can be found here.

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