May 2023 Real Estate Market Statistics
The single family sector continues to surge north $500,000 while we are seeing some leveling off on the Condos, Duplexes, and Townhomes. Expect all four to start to trend closer and closer to zero as we enter summer.
Days on Market
Everything is starting to sell a little faster and faster as the spring market is fully upon us. This is driving up average sales and going to push more inventory to the forefront. It would be reasonable to expect this trend to continue for another month.
Total Listings & Sales
Increased demand leads to increased supply as both listings and sales see a nice surge in May. I would expect both trends to continue albeit not as pronounced as May.
A pristine 80 acre dream property in Parkland County took home highest sale of the year so far while a stunning river facing Penthouse in Botanica secures the highest apartment sale.
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