New listings during the last two weeks were up a bit compared to the previous week but still well below compared to the same period a year ago. There were 133 new listings of single family homes compared to 119 during the previous period and 127 a year ago. There were 170 new listings of condos compared to 169 during the previous period and 234 a year ago.
Total new listings during the most recent two week period were 303 compared to 287 during the previous period and 361 a year ago.
A much smaller percent of new listing in the last two weeks went into contract (2.3% of single family homes and 5.9% of condos) compared to the previous period (10.1% and 13.7% respectively. A year ago the percentages were 10.2% and 7.7% single family homes and condos respectively.
The total number of price reductions was slightly lower than during the previous period and significantly lower compared to a year ago (55 vs 58 vs 71 respectively). The change was almost entirely in the condo market.
There were 22 price reductions of single family homes and 33 price reductions of condos during the most recent two weeks. During the previous period the number of price reductions were 20 and 38 and compared to a year ago 23 and 46 single family homes and condos respectively.