The majority of the month is in the books already and it looks like pricing will be flat if not down a little bit from May. SFH (condo too) sales numbers look to be decreasing as well, even from last month - seems low versus historical May/June/July numbers.
Of course as a result, inventory also keep going up - we're at 6304 already. At this pace, by the July interest rate announcement we'll be close to the 2008 peak of 7099. Absorption rates are up to nearly 6 (1.8 to 3.5ish a balanced market?)
Interesting numbers.
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