New Listing Market Watch

Inventory remains consistent (for the most part) compared to the same two week period last year - 277 this year vs 289 last year.

However, there's a marked reduction in the number of new listings going into contract within two weeks.  During the previous two weeks only four single family homes and four condos went into contract,  During the same period last year 23 single family homes and 33 condos went into contract.

Does this indicate a slowdown?  Stay tuned ...

Most Expensive North American Housing Markets

Although their survey only covers cities with more than a half million population, RIS Media has put together a list that includes a few surprises:

Four of the top ten markets are in California (San Francisco, San Jose, LA, and San Diego).  And 7 of the top 15 (almost half the list) are on the west coast of North America.

San Francisco and Manhattan are neck-and-neck.

Two Canadian cities (Vancouver and Toronto) made the list.