Sale prices continue to rise
Single-Family:
Sales were up by 3% in May. The average sales price jumped by 12% and the median sales price increased by 19%. As has been the case for many months now, the sales continue to be concentrated in the upper price rages. Pending Sales rose 10%. The number of new listings fell by 2% but the active listings increased by 10%. The months of inventory is now at 1.8 months. Still a very short supply!
Sales: 89
Average Sales Price: $404,119
Median Sales Price: $395,000
Pending Sales: 85
New Listings: 106
Active Listings: 124
Months of Inventory: 1.8
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