Market Update May 2017

    Overall, the totals for this month are falling back into the trends that we saw last year at this time.

     

    New Listings – Up from last month and the highest we’ve seen so far this year.

     

    Homes Pending – Jumped up quite a bit from last month, but slightly lower than May of last year.

     

    Homes Removed from Market – Down by nearly half of what we saw last month and in May 2016.

     

    Homes Sold – Continuing to gradually increase, leaving this month’s number of homes sold slightly below the total for this time last year.

     

    Homes on Market – Slightly higher than last month, but quite a bit lower than the total in May 2016.

     

    List to Sales Price – Not too much change here. Still relatively high and continuing the trend from April.


    Average Days on Market – A pretty large decrease from last month and by far the lowest we’ve seen this year. Houses are starting to move a little quicker, and based on last year’s statistics this trend will continue through the summer months.

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