Unit sales in May were 16, unchanged from the same month last year. This is the highest unit sales have been since 17 in November, 2016. Sales/list price ratio in May moved up to 98.6% from 97.3% in April.
Median price in May was $1,617,500. This is down 3.7% from $1,679,250 in May of 2016. 3-month median price of $1,997,500 in May was down a little from $2,112,500 in April but up moderately from $1,650,000 in May of 2016. Price per square foot in May was $580. This is down from $625 in April but up from $555 in May of 2016.
Inventory of 46 in May was down 16.4% from 55 in April and down 29.2% from 65 in May of 2016. New listings of 26 in May were down slightly from 30 in April and down considerably from 33 in May of 2016. Months of supply of 3.3 in May was down modestly from 3.9 in April and down somewhat from 4.3 in May of 2016.
Days on market of 18 in May was down considerably from 99 in April and down substantially from 40 in May of 2016.