15% of those new listings went into contract within the same two week period which is about level with the last three reporting periods back to the first of the year.
Price reductions for the past two weeks were double those of the prior two week period but were only a scant 7 for single family homes and 14 condos.
We also track the total number of active listings for five configurations of single family homes and condos at the beginning of each month. In three of those five categories total active listings at the beginning of February were down compared to last year at this time.
Even though the weather may last week may have said "spring market", we are still facing very low inventory levels and continuing high demand. Attendance at weekend open house showings is strong and multiple offers abound.