Houses Accepting Offers (week by week chart): this market is holding up pretty well, climbing back to the average level of a strong spring season. (The last week of April was a blip caused by the expiring Federal tax credit.)

Condos Accepting Offers (week by week chart): condo market has weakened more than the house market.

The great majority of homes selling, accept offers within a few weeks of going on market, and of course, these also achieve the best SP to original LP %.

Average Sales Price to Original List Price % by Price Reductions

Houses that sell without a price reduction (75% of sales in May) averaged 101% of LP over the past 12 months and about 35 Days on Market since spring began. Houses that sell after 1 or more price reductions (25% of sales in May) averaged 88% of original LP over the past 12 months and about 110 Days on Market since spring began.


Condos that sell without a price reduction (71% of sales in May) averaged 98% of LP over the past 12 months and about 46 Days on Market since spring began. Condos that sell after 1 or more price reductions (29% of sales in May) averaged 88% of original LP over the past 12 months and about 125 Days on Market since spring began.


Percentage of Listings with Accepted Contracts (month by month charts): house vs. condos vs. TICs: house percentage, averaging 25% of listings, is higher than condo percentage, averaging 19% of listings, which is higher than TIC percentage, averaging 9-12% of listings.

SFD % of Listings Under Contract

Condo % of Listings Under Contract:


TICs: % of Listings Under Contract: fell to less than 10% in May.


House (SFD) Sales by Days on Market.

In May, approximately 75% of house listings that sold accepted offers within 3-4 weeks of going on market.

Approximately 15% of house listings that sold accepted offers between 30 – 90 days of going on market.

Only 10% of sold house listings accepted offers with days on market over 90, even though they made up 32% of the listings for sale.

Condominiums: Sale Price vs. List Price by Price Reductions

Single Family Homes: Sale Price vs. List Price by Price Reductions

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