New Listing Watch -- pre Memorial Day

There were 319 new listings during the past two weeks which is fewer by 10% compared to the previous two week period and also compared to the same period a year ago.  Most of the fall off is in the condo market where new listings dropped from 206 in the prior period to 178.

14% of new single family homes listings and 18% of new condo listings went into contract within the same two week period.  That's down a few points for single family homes compared to the previous period and compared to the same period last year.  It's also down for condos compared to the prior period but higher by almost 4% compared to a year ago.

Price reductions were up compared to the prior period for both single family homes (12 vs 7) and condos (25 vs 4).  But price reductions are down compared to a year ago.

The full report can be found at our web site:  www.boldsf.com