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Home Prices

 

 

The median home price was $496,084 in May, which was up 0.4 percent from April and a 6.2 percent decrease from May of last year.

 

Home Sales

 

 

A seasonally adjusted 36,373 homes were sold in May, which was down 0.1 percent from April and down 15.0 percent from May of last year. So far, 2018 sales are trailing 2017 by approximately 33,066 home sales.

 

Inventory - Month's Supply

 

 

The sales-to-new-listings ratio dropped to 50.6 percent in May. This ratio could indicate a balanced market in the majority of regions.