Greetings!
May Residential Highlights:
New listings (218) increased 3.8% from the 210 listed in May 2021, and decreased 1.8% from the 222 listed in April 2022. Pending sales (176) decreased 5.9% from the 187 offers accepted in May 2021, and increased 7.3% from the 164 offers accepted in April 2022. Closed sales (150) increased 4.2% from the 144 closings in May 2021, and increased 11.9% from the 134 closings in April 2022.
Inventory and Time on Market:
Inventory increased to 1.8 months in May. Total market time decreased to 36 days.
Year to Date Summary:
Comparing the first five months of 2022 to the same period in 2021, new listings (912) increased 1.3%, pending sales (727) decreased 7.5%, and closed sales (682) increased 6.7%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through May, the average sale price has increased 21.8% from $298,400 to $363,500. In the same comparison, the median sale price has increased 20.4% from $269,900 to $325,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
CLICK HERE TO VIEW THE REPORT!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.