06/06/2026
MAY 2026 MARKET STATS
Things continue to move along steadily in the real estate market. While it was far from the best May, it was still overall positive with 2557 sales, and an increase in sale price of 2.7% for all residential. While 2557 is a solid number, it does represent a 13.4% decline year over year. Inventory definitely jumped up a bit finishing at 7844, but the absorption remained steady with 3.1 months of inventory available. The condo market continues to struggle a little with an average sale price of $206,000, down 8.7% compared to April, and down 3.7% compared to this time last year. Average days in market is still doing well at 36 days, but it is up by about a week compared to this time last year.
I anticipate the June market will continue to be steady, but by about Mid-July we will start to see the typical Summer vacation malaise that is common that time of year. Many families are also very busy these days with student exams, farewells, graduations, and preparing for their Summer plans. I want to wish everyone all the best as they finish up the school year and head into the Summer. I will be away for a few weeks with my family so won’t be checking in with a June market update until later than usual in July. Take care and we will talk soon!