Prices firm, volume thin. Read it carefully.
Twelve single-family closings in May against twenty last May. That is the headline that matters before any other. On that thin a base, the median came in at $919,950 and the average at $938,717, both well above a year ago, but the year-over-year percentages are loud mostly because last May was quiet. The May 2025 median sat at just $592,500, an unusually low reading, so the fifty-five percent jump is more about the comparison point than a genuine one-year climb.
Strip the percentages away and the honest read is straightforward. The homes that did sell in May were higher-end, which pulled both the median and the average up. Sellers still closed at ninety-eight percent of list. Inventory held roughly flat, down three percent, while new listings rose eighteen percent and the under-contract count climbed to nineteen from seventeen.
That last pair is the part I would actually lean on. A twelve-sale month tells you very little on its own, but a rebuilding pipeline and firmer pricing on what cleared point to a steadier summer than the closing count alone suggests. May was a quiet month with strong underlying signals, not a soft one.