This month we can see that buyers are more selective, while days on market improved, prices corrected slightly and fewer properties sold.
This month still outperformed early 2025. Despite the dip, average prices and price per square foot are still stronger than Q1.
Residential
Total residential sales fell to 67, down from 87 in April – the lowest number since February.
Average Price dipped. After peaking at $719,052 in April, the average price dropped to $688,850, though still higher than Jan–Mar.
Days on market dropped to 70, the fastest since January (63), indicating slightly faster movement despite fewer closings.
Price per Sq Ft dipped slightly. From $363 in April to $356 in May—still significantly up from early 2025.
Total volume dropped to $46.15M, a decline from April’s $62.56M.
After a strong April, May showed a slowdown in both volume and closings. Homes are still moving, but buyers appear more cautious.
Single-Family Homes
Closings decreased, a drop from 78 in April to 63 in May.
Average Price decreased, from $754,416 in April to $711,445 in May
Days on market slightly improved, from 73 days in April to 70 days in May.
Price per Sq Ft held steady, at $352, down from April’s peak of $375 but still higher than Jan–Mar.
Volume dropped from $58.8M in April to $44.8M in May.
Like the overall market, single-family home momentum cooled in May. Prices and volume came down, even though homes moved slightly faster.
Condos
Closings fell again, with only 3 condo sales, the lowest since February.
Average price increased to $332,300, up from April’s dip to $265,950.
Days on market are still high, at 86 days, up from earlier in the year.
Price per Sq Ft increased to $317, the highest since February.
Very few condo transactions, but those that sold were at higher price points. Days on market suggests lingering inventory is taking time to move.
Land/Lots
Sales dipped with 19 lots sold (same as March), down from 27 in April.
Average price rose to $133,298, the highest since January.
Days on Market dropped to 82, lowest of the year.
Volume decreased from $3.83M in April to $2.53M in May.
Lot sales remained soft, but pricing and speed improved, suggesting higher-quality parcels moved even if overall demand dipped.