There were 565 new residential listings in the last two weeks compared to 238 in the same period a year ago. Of those 565, 200 were single family homes and 365 were condos -- each more than double compared to a year ago. This is the highest number of new listings for a two week period since at least 2014 when we first started tracking.
Even compared to the prior period new listings of single family homes rose from 177 to 200 and condos rose from 320 to 365.
Condo price reductions was the other big number -- 151 compared to 25 a year ago and compared to 107 during the prior two week period. Price reductions for single family homes were down: only 5 in the last two weeks compared to 20 a year ago and compared to 39 in the prior two week period.
23% of new single family home listings went into contract compared to 18% in the prior period and compared to 18% a year ago. Only 9% of condo new listings went into contract compared to 17% in the prior period and compared to 15% a year ago.
The full report can be found at our website.
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