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The WRA May 2023 Housing Report
Housing Market Remains Tight in Peak Sales Period
Unmet demand and tight supplies continued to hamper home sales and drive up prices just ahead of the prime homebuying season.
May 2023 home sales fell by 21.5%compared to May 2022, and the median price rose 6.9% to$294,000 over the last 12 months.
On a year-to-date basis, home sales fell 26.4% relative to the first five months of 2022, and median prices rose 7.9% to $275,000 over that same period.
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