STATE OF THE MARKET

Monday Morning Quarterback for May 18th, 2025 - May 24th, 2025

Single-family existing homes

  • Sales of single-family homes decreased to 421 during the week of May 18, from 460 the week prior

  • The median price of single family homes decreased to $420,000 a change of -5.6%

  • The number of single-family home foreclosure transactions increased to 3 from 0 the week prior

  • The number of single-family short-sale transactions decreased to 1 from 2 the week prior

  • Single-family inventory increased by 60, and now sits at 9,136.

Condos, townhomes, and villas

  • Sales of condos, townhomes, and villas increased to 122 during the week of May 18, from 106 the week prior

  • The median price of condos, townhomes, and villas decreased to $275,000 a change of -9.8%

  • The number of condo, townhome, and villa foreclosure transactions remains constant at 1

  • The number of condo, townhome and villa short-sale transactions decreased to 0 from 1 the week prior

  • Condo inventory decreased by 9, and now sits at 4,607.