06/12/2026
π More Americans are on the move β and that's great news for the housing market!
According to the latest NAR data, existing-home sales rose 3.2% in May, hitting their highest level since December. As affordability improves, buyers are coming back: first-time buyers made up 35% of sales last month, up from 30% a year ago.
Even with more activity, supply remains tight β keeping the market competitive for sellers, with about a quarter of homes selling above list price and an average of 2.3 offers per listing. Homes are also moving faster, spending a median of just 29 days on market.
The takeaway? Whether you're buying or selling, momentum is building. If you've been waiting for the "right time," this could be it. Let's talk about what this means for your goals. π‘
Existing-home sales perked up last month, with sales rising to the highest level in five months.