Connect

New Search X

Tagged : May Market Report

Found 2 blog entries tagged as "May Market Report".

May 2019 Market Reports

At this point in the year, we are getting a good sense for how the housing market is likely to perform for the foreseeable future. And although it is not a particularly exciting forecast, it is a desirable one. Markets across the country are regulating toward a middle ground between buyers and sellers. While it remains true that sales prices are running higher and that inventory options are relatively low, buyers are beginning to find wiggle room at some price points and geographies.

New Listings were up 3.7 percent to 694. Pending Sales increased 9.7 percent to 601. Inventory grew 3.4 percent to 2,363 units.

Prices moved higher as Median Sales Price was up 0.5 percent to $321,500. Days on Market held steady at 136. Months Supply of Inventory

136 Views, 0 Comments

Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong. Given the fact that gradually rising mortgage rates often infuse urgency to get into a new home before it costs more later, buyers need to remain watchful of new listings and make their offers quickly.

 

May 2018 Monthly Indicators

New Listings were up 14.8 percent to 669. Pending Sales increased 24.6 percent to 588. Inventory shrank 7.1 percent to 2,211 units. Prices moved higher as Median Sales Price was up 9.7 percent to $328,000. Days on Market decreased 2.8 percent to 139 days.

595 Views, 0 Comments