Sales remain strong. Supply down!
Single family home sales were up by 35% compared to last May. Pending sales rose 16%. The average sales price increased 30% while the median sales price jumped 23%. There was a small increase of 1% in the number of active listings but sales far out stripping the new listings, the active listings fell by 65%. The months of inventory now stands at 0.6 months.
Average Sales Price: $531,196
Median Sales Price: $449,000
Pending Sales: 403
New Listings: 416
Active Listings: 181
Months of Inventory: 0.6 months
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