Monday, February 29, 2016

New Listing Market Watch - More Condos

Another two weeks and more of the same.  New listings during the last two weeks matched closely with the same period a year ago -- 276 new listings last year and 307 this year, an increase of about 11%.

Virtually all of the increase came in the form of condos.  Last  year there were 159 new condo listings; this year there were 186.

After four weeks of relatively slow sales of single family homes, in this latest two week period almost 12% of them went into contract during the same period.  The rate of sales on condos remained steady at 14.5% which is similar to the rate for the last six weeks.

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