Two weeks ago we were reporting new listings down by more than 50% compared to the same period a year ago. Today's report shows new listings back up to 86% of a year ago (304 vs 384) and more than twice what they were compared to two weeks ago (304 vs 164).
The number of price reductions increased as well: 11 single family homes had their asking price reduced compared to 7 two weeks ago and compared to 7 a year ago; there were 21 condo price reductions compared to 7 two weeks ago and compared to only 4 a year ago.
We'll have to wait to see if sales keep pace with the increase in listings. But it's encouraging to see that the number of new listings going into contract held at 26 single family homes compared to 15 two weeks ago and compared to 27 a year ago. Similarly, 31 condos went into contract compared to just 9 two weeks ago and compared to 41 a year ago.
A full copy of the report can be found at our web site:
www.boldsf.com/Statistics
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