• Unit sales of existing residential properties reported year-to-date to the end of May  have not broken the 500 mark for three years. (see my graph below)
• The average sale price of existing properties year-to-date ($175,538) is an all time high though the increase from the same period last year is a modest 2.5% .
• The averages for sales to list ratio and days on the market are unchanged from last year.

New housing unit sales this May tied the previous record in May 2007. Year-to-date new housing unit sales reported are at an all time high. This is noteworthy compared to sales of existing homes. 30% of all residential unit sales reported year-to-date have been new construction.