New Listing Market Watch -- Typical for this time of year

New listings were down almost 10% compared to the previous period but up 21% compared to a year ago.  Compared to the previous all of the change was in the condo category with only 175 new listings compared to 203 two weeks ago.

However, compared to a year ago it was single family homes showing an increase:  117 compared to 81 last year.

The number of new listings that went into contract in the last two weeks was flat compared to the prior period (13.7% for single family homes compared to 11.1% and 15.4% for condos compared to 14.3%.

Compared to a year ago the percentages were similar for single family homes (13.7% compared to 11.1% a year ago) but for condos the percentage was down this year compared to last (15.4% vs 19.0% a year ago).

Notice the spike that occurs regularly at the end of each year, mostly due to a sharp fall off in new listings.

Price reductions were up for single family homes compared to the previous period (9 vs 5) but about the same as the previous year (9 vs 10).  For condos there were 15 price reductions compared to 20 in the previous period and compared to 28 a year ago).