Monday, March 13, 2017

Market Watch - annual trends continue

New listings continue to increase as is typical this time of year.  During the last two weeks there were 291 new listings (129 single family homes and 162 condos) which compares 245 (93 and 162) in the prior two week period and 277 (117 and 160) for the same period a year ago.

There was a considerably higher percent of those new listings which went into contract during that last two weeks (11% of single family homes and 15% of condos) compared to a year ago (3.4% and 2.5%).

The number of price reductions are about the same (10 single family homes and 28 condos) as they were a year ago (12 and 28) as well as the previous two week period (8 and 27).

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