The number of new listings in the past two weeks (108 single family homes and 111 condos) was down noticeably compared to the prior two week period (91 single family homes and 152 condos) and down significantly compared to the same period last year (136 single family homes and 177 condos).
Also worthy of note, the number of new listings of condos and single family homes was approximately equal, something that hasn't happened since the beginning of 2016.
The percentage of those new listings in the last two weeks that went into contract was up compared to the prior period (9.3% vs 7.7% of single family homes and 17.1% vs 3.9% of condos). Compared to a year ago the percentage of single family homes that went into contract in the same two week period remained virtually the same (9.3% vs 10.3%). However, there was a significant jump in condos going into contract ( 17.1% vs 9.0%).
The number of price reductions compared to the prior period remained unchanged for single family homes (16) but dropped significantly for condos (16 vs 41). Compared to the same period last year the number of price reductions dropped in both groups (16 vs 20 single family homes and 16 vs 39 condos).
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