" New Listings were up 12.6 percent for single family homes and 12.3 percent for townhouse-condo properties. Pending Sales landed at 184 for single family homes and 46 for townhouse-condo properties.
The Median Sales Price was up 8.0 percent to $405,000 for single family homes and 8.7 percent to $299,000 for townhouse-condo properties. Days on Market increased 4.1 percent for single family homes and 14.1 percent for townhouse-condo properties.
The Bureau of Labor Statistics recently reported that the national unemployment rate was at 3.7 percent. Low unemployment has helped the housing industry during this extensive period of U.S. economic prosperity. Home buying and selling activity relies on gainful employment. It also relies on demand, and builders are showing caution by breaking ground on fewer single-family home construction projects in the face of rising mortgage rates and fewer showings."