Douglas County Market Report – May 2019

May Residential Highlights:
Douglas County had mixed activity this May. New listings (262) kept pace with May 2018 (262), but showed a 17.0% increase over the 224 new listings offered last month in April 2019. Pending sales (186) edged one ahead of May 2018 (185, 0.5%) but fell one below April 2019 (187, -0.5%). Closed sales, at 143, ended 12.8% lower than last year in May 2018 (164) but warmed 8.3% over the 132 closings recorded last month in April 2019. Inventory rose slightly in May to 3.5 months. During the same period, total market time decreased to 77 days.
Year to Date Summary:
Activity has been cooler in 2019 compared with 2018. Comparing through May of each year, new listings (975) have decreased 5.2%, pending sales (747) have decreased 5.3%, and closed sales have decreased 10.3%.   
Average and Median Sales Prices:
Comparing 2019 to 2018 through May, the average sale price has increased 2.3% from $228,200 to $233,500. In the same comparison, the median sale price has increased 8.6% from $195,000 to $211,800.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes. 
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