This seems to show that buyers have more to choose from and they are not willing to be stampeded into making offers as quickly as they were last year.
We've also noticed a significant increase in the number of new listings posting price reductions within the first two weeks of coming on the market. Almost two-thirds of the 202 new condo listings posted price reductions.
Overall, our monthly sales report for the five categories of single family homes and condos we track on a monthly basis shows substantial increases in inventory
along with a decrease in the number of properties sold compared to a year ago.