"New Listings were up 7.1 percent for single family homes and 14.9 percent for townhouse-condo properties. Pending Sales landed at 306 for single family homes and 92 for townhouse-condo properties.
The Median Sales Price was up 4.0 percent to $437,000 for single family homes but decreased 3.4 percent to $289,900 for townhouse-condo properties. Days on Market decreased 4.8 percent for single family homes and 21.3 percent for townhouse-condo properties.
An extended trend of low unemployment, higher wages and favorable mortgage rates has been a terrific driver of housing stability in recent years. What is different about this year so far is that prices are not rising as quickly. Some of the hottest Western markets are even cooling slightly, while some Northeast markets are achieving a state of recovery after a decade of battling back from recession. As a whole, the selling season is looking fairly stable across the nation."