May Market Report

U.S. existing-home sales dipped 0.5% month-over-month and 2.0% year-over-year to a

seasonally adjusted annual rate of 4.00 million units, according to the National Association of REALTORS® (NAR). Sales increased in the Midwest, decreased in the West and Northeast, and were unchanged in the South. Year-over-year, sales were down in every region except the Northeast.

New Listings increased 13.8 percent to 223. Pending Sales increased 4.2 percent to 125. Inventory increased 14.7 percent to 586.

Median Sales Price increased 15.1 percent from $225,000 to $259,000. Days on Market increased 12.0 percent to 93. Months Supply of Inventory increased 12.2 percent to 5.5.

There were 1.45 million units actively for sale heading into May, a 9.0% increase from the

previous month and a 20.8% improvement from the same time last year, for a 4.4-month supply at the current sales pace, according to NAR. The median existing-home price edged up 1.8% year-over-year to $414,000 as of last measure, the 22nd consecutive month of annual price increases and a new record high for the month.

Curious about the current value of your home? Don’t hesitate to reach out to a member of the Kira Witherwax Team at RE/MAX North Country.

To view the full Market Report for May download the link below.

ACVMLS-May 2025- JUNE Release.pdf

Download PDF • 379KB