The market continued its positive momentum in MAY, with closed sales rising 6.5% year over year. At the same time, new listings decreased 4.3% to 2,716—the lowest May total in more than a decade.
While buyers continue to have options, inventory tightened further, ending May at 13,646 homes active, down 22% from a year ago. Months of supply declined to 6.73, down 32% year over year and 10% from April.
KEY POINTS FOR SELLERS
- Leverage the Summer Market: Competition has declined, and buyers are still buying.
- Don’t Test the Market—Enter it: Buyers are active, but they won’t overpay.
- Elevate Your Presentation: A well-prepared home stands out even more in a tighter market.
KEY POINTS FOR BUYERS
- Be Alert: The right home can reveal itself at any time, regardless of seasonal trends.
- Stay Engaged: Active buyers are still competing for the best opportunities.
- Know What You’re Looking For: It makes acting quickly much easier.
Please don’t hesitate to reach out if you would like more info or have any questions.
Here to help, even if you are early in the process.
Melanie
239-977-3207 or 239-233-9544