New Listing Market Watch -- price reductions

As is typical this time of year the total number of new listings (single family homes, condos/tics/co-ops) in the last two weeks declined and are at lower levels than a year ago by about 2%.

New listings of single family homes are down by 21 (18%); condos actually had 15 more new listings than last year at this time (12%).

The number of new listings that went into contract over the past two weeks has increased compared to the previous period and compared to a year ago.  There were 17 single family homes (17.9%) and 21 condos (14.7%).

The number of price reductions of single family homes is up compared to the prior period and compared to a year ago (20 vs 17 in the prior period and 16 a year ago).  There were 25 price reductions of condos compared to the prior period of 28 and 16 a year ago.

With this light inventory we have compiled a list of single family homes and condos where the asking price has been reduced within the last 14 days.

View Listings
View Listings link will be available for 30 days. If you do not see a link, copy this text to the address line in your browser:
https://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSLogin&ARGUMENT=Ok7KmNi58nbInAxeCH8GTQH%2BL4sE6jNYVnrYtobmDVE%3D&KeyRid=1&Include_Search_Criteria=on&CurrentSID=167140966&MLS_Origin=SFAR&Report_Code_String=10005&SID=&Report_Format=HTML&Type_Of_Search=&Search_Type=HS