By Living Room Realty, June 11, 2018
By Living Room Realty, June 11, 2018
May 2018 is a Seller’s market*
Home For Sale in May 2018: 11596 units.
• | Up 13% compared to last month |
• | Up 7.3% compared to last year |
Home Closed in May 2018: 5091 units.
• | Up 6.7% compared to last month |
• | Down 8.7% compared to last year |
Home Placed under Contract in May 2018: 6205 units.
• | Up 12.8% compared to last month |
• | Up 0.8% compared to last year |
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales