While year-over-year numbers continue to show strong buyer demand and rising prices, the month-to-month numbers actually fell from April to May. One month is not enough data to say if this indicates a shift in the market or not. Historically, mid-May to mid-June tend to be slower in activity as families are traveling/celebrating high school and college graduations. We’ll need to see what June and July numbers look like before we can say for sure if our “hot” market has begun to cool.
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Click HERE for detailed Real Estate Watch statistics.
Data summarized from – The Beacon Report