A M. Appraisals Blog

U.S. existing-home sales edged up 0.2% from the previous month to a seasonally adjusted annual rate of 4.02 million, according to the National Association of REALTORS® (NAR). Sales remained unchanged year-over-year. Regionally, existing home sales rose in the Midwest and South, were flat in the Northeast, and declined in the West. Year-over-year, sales increased in the South, held steady in the West, and fell in the Northeast and Midwest.

New Listings were up 12.5 percent to 1,962. Pending Sales increased 12.2 percent to 1,483. Inventory grew 30.0 percent to 3,743 units.

Median Sales Price was up 4.2 percent to $295,000. Days on Market increased 4.4 percent to 47 days. Months Supply of Inventory was up 19.2 percent to 3.1 months.

National inventory climbed 5.8% month-over-month and 1.4% year-over-year, with approximately 1.47 million properties listed for sale heading into May, NAR reported. At the current sales pace, that represents a 4.4-month supply, reflecting a modest improvement in inventory conditions compared to a year earlier. Homes spent a median of 32 days on the market, down from 41 days the previous month, while the median existing-home price increased to $417,700, up 0.9% from a year ago.

COLUMBIA MARKET OVERVIEW:


LISTINGS:


PENDING SALES: 



CLOSED SALES:



DAYS ON MARKET UNTIL SALE:



MEDIAN SALE PRICE:



AVERAGE SALES PRICE: 



PERCENT OF LIST PRICE RECEIVED: 



HOUSING AFFORDABILITY INDEX:



INVENTORY OF HOMES FOR SALE: 



MONTHS SUPPLY OF INVENTORY: