Sales continue to be strong

Single-Family:

Sales were up by 8% as compared to last May. The average sales price continues to increase and was up 6%. The median sales price was also up by 6%. The pending sales number took a jump of 26% so we can look forward to good sales numbers in June. The new listings were flat but the active listings rose 23%. The rise in the active listings caused an increase to 1.6 months in the supply as measured by the Months of Inventory. 6 months is considered a balanced supply/demand number so you can see we are heavily slanted to the seller side.

Sales: 295

Average Sales Price: #331,475

Median Sales Price: $307,900

Pending Sales: 295

New Listings: 303

Active Listings: 373

Months of Inventory: 1.6