Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of May 2019. Some highlights from the video:
- Sales were up 2.5% from last month, but down 1.1% from a year ago.
- Median sales prices were up 4.9% from last year at $277,700.
- Distressed sales were only 2% of total sales, down from 3% last year and the lowest since NAR started tracking in May 2011.
- Listing inventory is up 2.7%.
- Days on market is only 26 days.