New Listing Report

New listings during the past two weeks are up slightly from the prior period (326 vs 318).  All of that increase is in single family homes (138 vs 129).  New condo listings remained essentially unchanged (188 vs 189).

Compared to the same two week period a year ago there was a somewhat larger increase (326 vs 299) but again the difference is mostly in single family homes (138 vs 118).  Condos were up slightly (188 vs 181).

The percentage of those new listings going into contract in the same two week period remained mostly steady compared to the prior period.at about 15%. However, that is much higher than the same period a year ago where only 3% went into contract in the same two week period.

Finally, price reductions were up slightly for single family homes compared to the prior two week period (18 vs 13) but down slightly for condos (23 vs 29).  Compared to the same period a year ago the number of price reductions is down both for single family homes (18 vs 21) and condos (23 vs 36).