... the number of new listings continue to lag behind what we saw a year ago. In the last two weeks there were 281 new listings compared to 313 a year ago. New listings were up compared to the prior two weeks period 281 vs 221.
The number of new listings that went into contract in the last two weeks remained essentially unchanged (13 single family homes vs 14 in the prior period and 25 condos compared to 28). Compared to a year ago the number of single family homes going into contract was 13 vs 12 but condos were 25 vs 30.
The same scenario played out with price reductions. For single family homes the number of price reductions in the last two weeks stayed largely unchanged compared to the prior period (4 vs 5) and compared to a year ago (4 vs 4). For condos, however, the number of price reductions was up 21 vs 12 in the prior period and vs only 4 a year ago.
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