May is typically a slow month for real estate sales so one has to be very cautious not to read too much into it, but it does continue a trend for improved sales as the year progresses.
The number of sales of all Properties for May was down 43% from last year, which is a significant improvement from earlier months this year. Dollar Volume was down 54%, also the best result so far this year.
Sales of Residential properties were down 62% while the number of these properties sold was down 64%. So Residential sales did not fair as well as the other segments.
Dollar sales of Condominiums were down 50% and the number of sold listings was down 36%.
Vacant Land was the big surprise with 2 properties selling this year compared to none last year.
Certainly no one would want to base a prediction for the summer on a low volume month like May. But the steady improvement sets an optimistic tone as we head into what has historically been the best selling season of the year.
A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at WinterParkRealEstate.net. You can always see all the MLS listings at PaulLewis.net.
These statistics were compiled from data from the Grand County Board of Realtors and is deemed reliable but cannot be guaranteed.
