May property sales were 73, down 7.6% from 79 in May of 2013 and 62.2% higher than the 45 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of homes available this month is lower by 64 units of 27.7%. This year’s smaller inventory means that buyers who waited to buy may have smaller selection to choose from. The number of current inventory is up 6.4% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 19.7% in the pended properties in May, with 57 properties versus 71 last month. This month’s pended property sales were 36% lower than at this time last year.
Read the full report here.