Sales
Unit sales this month are 11, the same as last month. Sales/list price ratio in May moved down to 95.4% from 98.8% in April.
Prices
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Median price of $530,000 in May was down 3.6% from $550,000 in April and down 3.6% from $550,000 in May of 2010. 3-month average sale price of $624,173 in May was very slightly up from $606,264 in April and up modestly from $601,850 in May of 2010.
Inventory
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Inventory of 96 in May was up 20.0% from 80 in April and up 33.3% from 72 in May of 2010. New listings in May moved down to 30 from 34 in April.
Market Time
Days on market of 103 in May was up a bit from 95 in April but down substantially from 136 in May of 2010. Months of supply of 9.5 in May was up somewhat from 8.1 in April and up considerably from 6.9 in May of 2010.
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