Single-Family:

Sales were down by 12% in May. The average sales price was flat while the median sales price increased by 4%.

Pending sales dropped 3%. T

he number of new listings declined by 15% and the active listings by 27%. The months of inventory fell to 1.2 months.

This is the 3rd months in a row of declining sales. However, it does not appear this is due to demand but rather to the shortage of supply. Buyers, as in other areas, are just having a difficult time finding a home to purchase.

Sales: 171

Average Sales Price: $265,810

Median Sales Price: $229,000

Pending Sales: 181

New Listings: 233

Active Listings: 188

Months of Inventory: 1.2