The median price of the #MainLine homes sold in May decreased 11% BUT the year to date median is still up 4.4%. The average price in May was up 2.1% compared to last May and up a robust 10% year to date. There were only 116 settlements in May which is 38.3% less than last May and year-to-date sales are down 24.3%. The number is homes pending settlement in May was down 25.8% which will continue to affect the market heading into Summer months. June 1st total inventory vs last June 1st is down 23.9% and there's currently only a 1.8 month supply of Main Line homes on the market. These statistics continue the extremely strong seller's market as weak inventory is continuing to slow the market.
