- Home sales declined for the third consecutive month in May 2022 due to high home prices and rising mortgage rates. Housing inventory increased slightly but remains down compared to last year.
- Median sales prices for single family homes increased 6.8% in May 2022 compared to May 2021, while median prices for condos decreased slightly by 0.2%.
- New listings, pending sales, and sold listings all declined in May 2022 from May 2021 for both single family homes and condos, indicating a slowing market with fewer transactions.