New Listing Watch -- usual post holiday surge

As happens every year once the New Year holiday has passed, new listings have jumped up significantly -- 221 in the past two weeks compared to just 46 in the prior two week period.

The bulk of new listings were condos (147 vs 157 for the same period a year ago).  Single family homes accounted for 74 new listings compared to 77 a year ago.

The number of listings of single family homes that went into contract are down compared to the prior 2-week period (14 vs 19) but up compared to the same period a year ago (14 vs 10). Condos show a different trend -- up significantly compared to the prior two week period (28 vs 9) and the same ratio compared to a year ago.

Price reductions are in line with the numbers a year ago.