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Local Market Review: Closed Sales Rise 18 Percent in May   

Housing data released by MIBOR today shows increased activity in closed and pending sales along with steady price gains alongside another month of tight inventory. Closed sales increased 18.6 percent in May compared to May 2015 and rose 13.8 percent in the quarterly comparison. Pending sales showed another month of increases climbing 5.7 in May and 8.9 for the three months ending in May. New listings fell 1.9 percent for the month and stayed even up just 0.7 percent the quarter. Tight inventory continues with months of inventory at 3.9 months.

Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on June 16. To download the Monthly Indicators report, click here. To view the one-page county reports, click here.

Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please email miborcommunications@mibor.com.

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