May 2022 – Stats
Inventory levels across the resort area have increased 38.7% from last month with 451 homes listed for sale in May compared to the 325 of last month.
Year on year listings also rose to be up 24.3% from the 404 homes available during May 2021.
The average days on market that a home now takes to sell increased by 5 days from the previous month at 76 but remained 24 days below the 100 day period it took for a home to close a year ago.
A home that did sell achieved on average 99.8% of its listed price which was just sightly down on the 99.9% level of April 2022.
The markets median price continued to increase and stood at $319,950 which was a 2.9% increase from April and represented a rise of 24.4% from the $257,113 median price of one year ago.
Total sales during May of 523 were 82 up on the 441 of April and 3 closings higher than the 520 sales in May 2021.
The pipeline number of homes under offer/contract and awaiting closure stood at 792 which was down from a 807 pipeline in April and down 9.8% on the 870 pipeline total in May 2021.
During the month 50 homes were withdrawn from the market having failed to locate a buyer whilst listed.
The May inventory total when reviewed against pace of sales continues to reveal overall low levels of home availability across our market with current levels suggesting a 0.9 month supply of available listings which is a slight rise on the 0.7 month supply in April and the 0.8 month level recorded twelve months ago.