In May, the average listing was on the market for 26 days, amounting to just two days longer than the previous year in May 2018. This, according to the latest news from the National Association of REALTORS®.
Existing home sales in May jumped 2.5 percent thanks to falling mortgage rates, creating a higher demand for houses.
The median price across all home sales (single-family, condo, co-op, townhome) throughout the country checked in at $277,700, which makes up for a 4.8 percent increase year-over-year.
Focusing on specifics, single family homes averaged a median price of $280,200, with condos averaging a price of $257,100.
So, with all this data, when is the best time for YOU to consider buying or selling?
If you’re serious about making the move, then I’m serious about working for you. Call, text, or email today to learn how you can take advantage of the latest market buzz.