Monday, January 30, 2017

New Listing Watch - one month into the new year

As expected new listings continued to increase in during the previous two weeks -- 267 compared to 244 in the previous two week period.  Most of that increase was in condominiums which showed 176 new listings compared to 155 for the prior period.  Of the 91 new single family home listings, 20 went into contract indicating very strong demand.  Of the 176 condo new listings, 21 went into contract, about the same as the prior period.

A year ago during the same two week period there were 218 new listings.

Price reductions on single family homes were almost non-existent.  12 condos posted price reductions, about the same as during the previous period and compared to the same period last year.

No comments:

Post a Comment