New listings during the last two weeks (ending 3/11/19) are up compared to the prior two week period (ending 2/25/19): 289 vs 242. Most of the increase was in single family homes (114 vs 81). Condos increased to 175 from 161.
Compared to the same period a year ago new listings were up (289 vs 252) with most of the difference in condos (175 vs 148).
With the big increase in single family home listings it's not surprising that the percentage of those new listings going into contract in the last two weeks is down to 3.5%. For condos 18.9% of new listings in the last two weeks have gone into contract.
Price reductions for single family homes during the last two weeks have gone up slightly compared to the prior period (12 vs 10) while price reductions for condos has gone down from 28 to 22. Compared to a year ago price reductions are up slightly (12 vs 9 for single family homes and 22 vs 18 for condos).
The full report can be found at our web site.
