In May, sales prices blew through the roof compared to last year, although sales volume did flatten off. With strong buyer demand during the summer months and lower inventory, we anticipate brisk activity over the next 3 to 6 months.
In May 2021, average sales prices climbed to a record high at $405,047, well above the average price of $395,567 in March. Have we seen the peak for the year? No one knows for sure and certainly in a normal year, we would see sales prices peak in May and June.
Days on Market
Our days on market stat. continues to amaze. Buyers have been snapping up homes ever more quickly since the start of the year. Average days on market in May was only 32 days, compared to 62 days in 2020 and 49 days in…