Spring is finally here! May weather is making up for April’s inclement weather, and buyers (much alike to June bugs out of hibernation) are coming out of the woodwork. Days on Market are down, sales and listings are both up; y/y but especially so over April. Active listings have surged to over 50% higher than the five year average, but despite this the home price index for all property classes is higher y/y, with the exception of apartment-stlye condos. It’s important to note that averages do not reflect property-specific characteristics, when evaluating homes for sale. Homes that are marketed well and priced accordingly, are demonstrating very strong sales.
May Market Report
