06/14/2026
The strongest two-month stretch of new pending sales in nearly four years (16,481 new contracts in March and April) paid off in May with 8,052 closings – the highest monthly total since June 2023 (5% above 2025).
Pending sales remained healthy in May as well, with 8,485 new contracts (up 4% year-over-year), even as mortgage rates ticked up to average 6.41% for the month (still roughly forty basis points below May ’25).
May also set an all-time high for the state’s median sale price, $283,500; even though this was 5% above 2025, lower rates meant the state median mortgage payment increased less than $20 year-over-year.
Sellers received 96.8% of their original listing price as homes went under contract in just over two weeks (15 days, compared to 13 days in May 2025).
New listings fell back in May to 10,504, 2% behind 2025; listings remain 4% ahead of 2025 year-to-date.
Inventory also continued to rise month-over-month (+7%) and year-over-year (+12%): 15,947 homes were available on an average day through May.
With higher inventory and a slight month-over-month slowdown in pending sales (-1% from April to May), more listings saw price reductions in May (about 42% of all inventory).
