Sales
Unit sales in May were 26. This is down 7.1% from 28 in May of 2010. Sales/list price ratio in May moved up to 93.0% from 91.7% in April.
Prices
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Median price of $1,132,875 in May was down 7.9% from $1,230,000 in April but up 39.4% from $812,500 in May of 2010. 3-month average sale price of $1,395,424 in May was down a little from $1,425,062 in April but way up from $1,081,947 in May of 2010.
Inventory
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Inventory of 191 in May was up 2.1% from 187 in April but down 7.3% from 206 in May of 2010. New listings in May moved down to 51 from 65 in April. Market Time
Days on market of 59 in May was down considerably from 177 in April and way down from 127 in May of 2010. Months of supply of 7.5 in May was up just slightly from 7.3 in April but down somewhat from 7.9 in May of 2010.
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