Wednesday, December 20, 2017

New Listing Watch -- last for this year

We've about reached the low point of the year for listings. 

Following the usual pattern for this time of year the number of new listings for the past two weeks is at its lowest level except for the first week of January.  Total new listings of 98 is well below the previous two week period of 141 but slightly higher than last year at this time (80).

Conversely, the percentage of new listings going into contract during the same two week period is at its highest point except for the beginning of January (12 of the 37 single family homes or 32% and 15 of 61 condos or 25%).

The number of price reductions is down from the previous period (1 single family home and 10 condos) and down compared to the same period last year (11 single family homes and 20 condos).

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