May introduced a bit of hope into the local housing market, as every indicator that I track moved up! The total number of single family houses sold was up to 148, and the median price rose a bit to $146,450. The “dollars per square foot) rose $2 to $95. There were 1552 houses on the market, which represents a little more than a 10.9 month inventory at current volume…the lowest that number has been in a LONG time!
25 of the 148 sales were cash deals, indicating that investors are out there shopping for bargains.