The number of Sold residential properties last month took a bit of a dip when compared to last May as you’ll see in the first graph. This puts this year-to-date a bit behind the first 5 months of 2008 (second graph), but not by much. Mobile/Manufactured home sales had a bigger drop though.
I know recent press talked about how homes sales are up but that was the nationwide market and has little relevance with what is happening in our area. Plus…they are just reporting April sales numbers (which were February/March Pendings) which is old news. You’ll be hearing about May’s data in July.