New Listing Market Watch - fewer price reductions and fewer new listings

During the last two weeks, the number of new listings has gone down compared to the previous two week period (136 vs 197) and also compared to a year ago (136 vs 150).   The period -to-period fall off is typical for this time of year as we head into the summer doldrums.

The number of price reductions has also fallen rather dramatically compared to the previous period (50 vs 96) however, they are still well above last year at this time (56 vs 25).

Finally, the number of listings that went into contract has fallen compared to the previous period (30 vs 60) but is about the same as this time last year.