CONCLUSION
We saw record growth for the month of May, with total sales amounting to 11,079. This number is up 11.4% compared to the 9,946 sales reported in May of 2013. The average selling price was $585,204, representing a strong increase of 8.3% from May of last year.
The number of active listings from April to May remained fairly static. This of course leads to a lot of frustration for buyers who often find themselves in competition. However, that does not mean you should not compete and at least come to the table with your best offer…. one never knows, and your best offer could get you the house!
As inventory levels remain low, the busy spring market should extend well into the summer.
