New Pending Sales were below the previous 5-year average.
Active Listings were down significantly compared to the 5-year average, as 94% of all new listings sold within their first 30 days on the market.
It continues to be a hot "Seller's Market" with just over one half of one month's inventory based on the April rate of sales...a normal market would have 4-6 months worth of inventory.
But for Buyers, it is also a great time to buy, as their buying power remains high due to the historically low interest rates even with their current uptick.