New Properties Listed
This chart shows the number of New Properties that came onto the market for the first time each month. Real Estate Professionals monitor the Number of New Properties on the Market to identify any changes in the supply of properties. A large increase in supply can be an early warning that prices may fall (particularly when matched by any decrease in demand). Conversely, a significant drop in the number of New Properties for Sale may indicate a future increase in price levels.
An upward sloping trend line indicates an increase in the number of New Properties coming onto the market; a downward sloping trend line indicates a decrease in the number of New Properties coming onto the market; a flat trend line indicates there is very little change in the number of New Properties that have come onto the market.
The percentage columns in the grid below the chart compare the beginning month of the report time period to the ending month. The arrow points up if the change value is positive (shown in green text) and down if the change value is negative (shown in red text).