The number of new listings going into contract within the last two weeks has eased off for single family homes (15% vs 22% two weeks ago) but ticked up slightly for condos (15% vs 12%).
The number of price reductions has risen. For single family homes there were 10 reductions compared to just 1 two weeks ago and compared to 10 a year ago. For condos, there were 21 price reductions vs 12 two weeks ago and 11 for the same period a year ago.
Clients sometimes feel they're kind of like these guys. They have a great view but feel somewhat precarious: