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Home Prices

 

 

The median home price was $530,304 in May, which was a decrease of 5.1 percent from April and a 4.1 percent increase from May of last year.

 

Home Sales

 

 

A seasonally adjusted 42,925 homes were sold in May, which was down 6.2 percent from April and down 6.5 percent from May of the previous year. Currently, 2017 is trailing 2016 by approximately 1,964 home sales.

 

Inventory - Month's Supply

 

 

The sales-to-new-listings ratio dropped to 56.3 percent in May. This ratio could indicate a balanced market in the majority of regions.