While you might have limited homes to chose from, you’ll also likely have to pay more than you would have last year.
May’s median sales price came in at $145,000, up 8 percent from last year. The average price of $171,061 was also up 8 percent from the same time last year.
PHOTOS: Luxury Washington Twp. home with pool on sale for $614K
Sales volume generated by May’s activity totaled $272.8 million, which is up 6.5 percent since last May.
There were 2,149 new listings added in May, down 1 percent from last year’s 2,173, while year-to-date listings tallied 8,710, a 2.8 percent decrease from the 8,960 submitted through May of last year.
Total inventory was low, showing 3,968 properties available at month’s end, representing a supply of only 2.4 months based on May’s pace of sales.
JUST IN: Downtown Dayton developer lands state funds for $18M project