Tuesday, July 16, 2019

New Listing Market Watch - mid July doldrums?

No.  While it may be true that the number of new listings tends to slow down between Independence Day and Labor Day there is still plenty of activity.  In the last two weeks 241 new residential listings came on the market compared to 257 in the same period in 2018.  That's down 6%.  You can see the breakdown between single family homes and condos here:


20 of those new listings went into contract.


The number of price reductions is increasing:  17 single family homes and 28 condos.  For the same period last year the figures were 15 and 23.


These statistics represent opportunities for buyers but perhaps not quite as fierce as peak times (spring and early fall).

And if all of this leaves you uneasy, contemplate the garden for a while.


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