Breaking it down, the number of new listings of single family homes was the same as the prior period (116) and up slightly compared to a year ago (116 vs 108). For condos, the number of new listings is down compared to the prior period (128 vs 141) but up compared to a year ago (128 vs 111).
The number of new listings of single family homes that went into contract within the same two week period remained about the same as the previous period and the same time last year (116 vs 116 vs 108). But for condos, the number going into contract in the same two week period jumped up from 23 from 15 during the prior period and 19 a year ago.
The number of price reductions remained about the same for single family homes compared to the prior period and compared to a year ago (16 vs 15 vs 16). The number of price reductions for condos fell compared to the prior period but was the same as a year ago (16 vs 23 vs 16).
One interesting note: of the 16 price reductions of single family homes, all 16 were for properties with listing prices over $1,000,000. Eight of those were originally priced at over $2,000,000.
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