New Listing Market Watch - fewer listings, fewer price reductions

New listings for the most recent two week period are down compared both to the previous two week period and compared to the same period a year ago.  New listings of single family homes was 119 compared to 144 in the previous period and compared to 135 a year ago.  For condos, new listings were 168 compared to 203 in the previous period and 190 a year ago.

The percentage of new listings that went into contract dipped slightly for single family homes (10.1% compared to 11.8% in the previous period and compared to 10.4% a year ago).  For condos the percentage of new listings going into contract was down slightly compared to the previous period (13.7% vs 14.8%) but up compared to a year ago (13.7% vs 10.0%).

The number of price reductions of single family homes was up compared to the previous period (20 vs 16) but down slightly compared to a year ago (20 vs 22).  For condos the number of price reductions is down very slightly compared to the previous period (38 vs 39) and down more significantly compared to a year ago (38 vs 46).

The entire report can be found at our web site www.boldsf.com/Statistics.