New Listing Report - higher than last year

New listings in the last two weeks were up modestly (6%) compared to the prior two week period.  Compared to a year ago they were up 17%.   Most of the increase (in both cases) was in condos -- 189 in the last two weeks vs 170 for the prior period and 142 a year ago.

The percentage of new listings that went into contract in the past two weeks was virtually the same for single family homes compared to the prior two week period (18% vs 19%) and up significantly compared to a year ago (18% vs 5%).  

16% of newly listed condos went into contract within the same two week period compared to 22% in the prior period and 15% a year ago.

The number of price reductions for single family homes held steady compared to the prior two week period at 13 but condos jumped up from 12 to 29.  Compared to a year ago the number of single family home price reductions decreased by almost 25% from 17 to 13. 

The number of condo price reductions jumped up to 29 compared to the previous period when there were only 12.  Compared to a year ago condo price reductions were about the same (29 vs 27).