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May 2026 Market Summary Compared to May 2025
The local real estate market showed mixed results in May 2026 compared to May 2025. Overall inventory declined 33%, falling from 765 available properties to 511, indicating fewer options for buyers across all property types. Homes experienced the largest inventory decrease at 46%, while condo inventory fell 23%.
Despite lower inventory levels, sales activity increased. Total closed sales rose 15%, from 75 transactions in May 2025 to 86 in May 2026. Condo sales led the growth, increasing 30%, while lot sales tripled from 2 to 6 transactions. Home sales declined slightly by 11%.
Total sales volume remained relatively stable, decreasing just 6% year-over-year from $112.7 million to $106.5 million. Condo sales volume increased 31%, helping offset declines in home sales volume. Median sale prices continued to show strength, with the overall median increasing 4%. Condo median prices rose 16%, lot prices increased 9%, and home prices remained relatively stable with a slight 4% decrease.
Properties spent an average of 100 days on the market, nearly unchanged from 102 days in May 2025. Homes took longer to sell, while condos and lots sold somewhat faster than the previous year.
Overall, the May 2026 market reflected continued price stability, strong condo demand, increased transaction activity, and a tighter inventory environment compared to one year ago.
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