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RMLS Market Action for May

MarketactionjuneinvMay was better than April but this May was worse than last May. For the second consecutive month, both median and average prices declined. Inventory declined 1.1 months (11%) between May and April (it increased in 2007 by .1 month (3%)). My prediction for May stating that May might be “surprising” landed with a bit of a thud. I had expected that the numbers would be better (and yes, 8569 NW Ryan is an active listing).

Rmls_market_action_may

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