May 2014 Real Estate Market Statistics

May statistics are in! Compared to May of 2013, home sales have increased 3%, home prices have increased 8%, and average days on the market decreased by four days.

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May 2014 Statistics

  • 2,943 – Single-family homes sold, three percent more than May 2013.
  • $249,000 – Median price for single-family homes, eight percent more than May 2013.
  • $325,926 – Average price for single-family homes, eight percent more than May 2013
  • 40 – Average number of days single-family homes spent on the market, four days fewer than May 2013
  • 4,002 – New single-family home listings on the market, seven percent more than May 2013
  • 5,949 – Active single-family home listings on the market, four percent more than May 2013
  • 2,928 – Pending sales for single-family homes, two percent more than May 2013
  • 2.6 – Months of inventory of single-family homes, 0.1 months less than May 2013
  • $959,200,218 – Total dollar volume of single-family properties sold, 11 percent more than May 2013

 

 

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