Preliminary numbers indicate that the price per square foot for houses on less than an acre sold in May held steady from April at $154.6/sf.
While this is down from a year ago, when the price per square foot was $197.6, it is another sign that we may be bumping bottom on prices.
Closed sales also held fairly steady in May, with 97 reported sales versus 91 in April. Then again, sales typically pick up in late spring and through the summer.
With 15+ months of inventory available, there is a great selection of houses to choose from. Give me a call if you're interested in seeing what's out there.
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