Weekly Market Activity Report

Here's the Last One of the Year:

As the year winds to a close, the supply of homes for sale remains plentiful, with 28,651 homes on the market in the region—an increase of 14.5 percent over this time last year. For the week ending December 15, there were 1,213 new listings added to the market, approximately half of which are re-lists that have already been placed on the market at least once in 2007. This is an increase of 8.0 percent in new listing activity compared to the same week last year; newly signed purchase agreements (pending sales) were 27.0 percent behind.