May home sales and price report

Lower interest rates perk up May home sales as median price reaches another high

- Existing, single-family home sales totaled 406,960 in May on a seasonally adjusted annualized rate, up 2.6 percent from April and down 0.6 percent from May 2018.

- May’s statewide median home price was $611,190, up 1.4 percent from April and up 1.7 percent from May 2018.

- Sales of condominiums/townhomes were down 1.3 percent from a year ago in May, while the median price remained at $470,000.

- Year-to-date statewide home sales were down 6 percent in May.

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