May 2013 Market Report is Now Available

 Download now: May 2013 Market Report

YTD (May 2012 vs May 2013) Single Family Highlights:

•Increase in the Number of Closed Sales to 16,537 (up 21.2%)
•Average Days on Market decreased to 64 days (from 94 days)
•Number of Active Listings decreased 22.6% to 6,738
•Average Sold Price increased 11.2% (from $290,368 to $322,821)
•Units Placed Under Contract increased 18.4% to 23,595
•Total Sales Volume increased 34.7% from $4 billion to $5.3 billion
•Absorption Rate decreased from 3.2 months to 2.0 months

YTD (May 2012 vs May 2013) Condo/Town Home Highlights:

•Increase in the Number of Closed Sales to 4,095 (up 23.8%)
•Average Days on Market decreased to 58 days (from 94 days)
•Number of Active Listings decreased 21.7% to 1,476
•Average Sold Price increased 13.2% (from $167,793 to $190,002)
•Units Placed Under Contract increased 28.9% to 5,952
•Total Sales Volume increased 40.1% from $555 million to $778 million
•Absorption Rate decreased from 2.8 months to 1.8 months


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