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
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