The percentage of new listings going into contract within the last two weeks has ticked up, double the percentage we saw two weeks earlier. For single family homes, this is almost identical to a year ago (8.4% vs 8.6%). For condos, we're still significantly lower than we were a year ago (9.3% vs. 15.0%)
Also notable, during the past two weeks the number of price reductions for single family homes is identical to what we saw during the same period last year (13 vs. 13). For condos, the number of price reductions is also about the same as a year ago (46 vs 41) and down significantly from the previous two-week period (46 vs 59).
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