Sales prices rising on shortage of supply.

This report is a month vs. month report and compares May to April. Single family home sales increased 6.47% compared to April. Pending Sales jumped 27.69%. median sales price rose 2.83% while the average sales price rose 5.39%. The ratio of original list price to sales price had a small gain of 0.30%.New listings increased 9.13%. Active listings climbed 35.63%. Days on market fell 25%. Months of inventory was flat.

Sales: 201

Pending Sales: 166

Median sales Price: $545,000

Average Sales Price: $634,752

Ratio of Original List Price to Sales Price: 100.50%

New Listings: 263

Active Listings: 236

Days on Market: 24

Months of Inventory: 1.2

6 months is considered a balanced market and we are a long ways from the number.