|# New||Price Drops||# U/C||# Sold||Median $ of Sold|
The number of homes that went under contract during the past week was the lowest since staring this index in late April. Another interesting trend is that through mid June, there were consistently more new listings than price reductions. Now it has reversed, there are typically more price reductions than new listings.
The chart below shows the sales and under contract activity over time.