New Listing Watch -- the fall season continues

New listings for condos and single family homes during the last two weeks were up just 4% from the previous two week period (461 vs 444).  Compared to the same period a year ago new listings are up 14% (461 vs 403).

The majority of new listings were condos (272 vs 252 in the prior two week period and vs 241 a year ago).  Single family homes accounted for 189 new listings compared to 192 in the prior two week period and compared to 162 a year ago.

The percentage of new single family home listings that went into contract during the same two week period jumped up to 11.6% compared to 8.9% during the prior period and compared to 8.6% a year ago.  The percentage of condos that went into contract stayed the same compared to the prior period (9.6% vs 9.5%) but was higher than a year ago (9.6% vs 7.5%).  For both single family homes and condos the percentage going into contract within the same two week period is still down compared to where we were in the period prior to Labor Day.

There was a significant jump in price reductions for both single family homes and condos.  For this period there were 27 price reductions for single family homes compared to just 4 in the prior period and compared to 17 a year ago.  The numbers for condos was 46 for this period compared to 34 for the prior period and compared to 34 a year ago.

The full report can be found at our web site:
www.boldsf.com
click on statistics.