{"id":15891,"date":"2013-06-17T06:00:48","date_gmt":"2013-06-17T06:00:48","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/research\/?p=15891"},"modified":"2020-10-06T12:59:54","modified_gmt":"2020-10-06T19:59:54","slug":"may-home-sales-hit-4-year-high","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/may-home-sales-hit-4-year-high\/","title":{"rendered":"Home Prices Shot Up in May As Sales Hit 4-Year High"},"content":{"rendered":"<p>May&#8217;s housing market has good news for everyone. Good news for buyers: For-sale home inventory increased in May for the second straight month. Good news for sellers: prices shot up and home sales hit a four-year high. There are some <a href=\"https:\/\/redfin.com\/research\/reports\/real-time-demand-pulse\" title=\"Real-Time Demand Pulse\">early signs that the market may be cooling slightly<\/a>, but for now things are still hot. The key metrics across 19 major metropolitan markets are:<\/p>\n<ul>\n<li>Home prices in May increased 17% year over year, and rose 4% since April.<\/li>\n<li>The number of homes for sale (inventory) is down 22% compared to May 2012, but increased 4.3% month-over-month. This is the second month-over-month increase in a row.<\/li>\n<li>Home sales rose 14% from 2012, and gained 16% from April.<\/li>\n<\/ul>\n<h2>Sales Volume Shoots Up Again, Hits Four-Year High<\/h2>\n<p>Home sales spiked between April and May, hitting the highest level since we began compiling the data in January 2010. Sales typically peak in June, so we expect another increase next month, followed by sales tapering off through the rest of the year.<br \/>\nFourteen of the 19 markets we track saw sales increase from a year ago, one less than in April. All 19 markets saw an increase in sales volume from April to May.<\/p>\n<div style=\"width: 400px;margin: 0 auto 15px;text-align: center\"><strong>May 2013 Changes in Closed Sales of Single-Family Homes<\/strong><\/p>\n<table class=\"ScienceTable\">\n<col span=\"4\" width=\"64\" \/>\n<thead>\n<tr>\n<th width=\"64\" height=\"20\">Metropolitan Statistical Area<\/th>\n<th width=\"64\"># of Houses Sold<\/th>\n<th width=\"64\">Yearly Change<\/th>\n<th width=\"64\">Monthly Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/30818\/TX\/Austin\" title=\"Austin real estate\">Austin<\/a><\/td>\n<td>2,862<\/td>\n<td>31.2%<\/td>\n<td>23.6%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/1073\/MD\/Baltimore\" title=\"Baltimore real estate\">Baltimore<\/a><\/td>\n<td>2,177<\/td>\n<td>19.1%<\/td>\n<td>27.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/1826\/MA\/Boston\" title=\"Boston real estate\">Boston<\/a><\/td>\n<td>3,377<\/td>\n<td>15.8%<\/td>\n<td>38.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/29470\/IL\/Chicago\" title=\"Chicago real estate\">Chicago<\/a><\/td>\n<td>7,148<\/td>\n<td>30.6%<\/td>\n<td>18.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/5155\/CO\/Denver\" title=\"Denver real estate\">Denver<\/a><\/td>\n<td>4,907<\/td>\n<td>29.9%<\/td>\n<td>28.5%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/15935\/CA\/Riverside\" title=\"Riverside real estate\">Inland Empire<\/a><\/td>\n<td>5,647<\/td>\n<td>-5.4%<\/td>\n<td>5.4%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/10201\/NV\/Las-Vegas\" title=\"Las Vegas real estate\">Las Vegas<\/a><\/td>\n<td>3,618<\/td>\n<td>-2.6%<\/td>\n<td>4.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/county\/1985\/NY\/Queens-County\" title=\"Queens real estate\">Long Island<\/a><\/td>\n<td>3,284<\/td>\n<td>74.7%<\/td>\n<td>31.6%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/11203\/CA\/Los-Angeles\" title=\"Los Angeles real estate\">Los Angeles<\/a><\/td>\n<td>8,352<\/td>\n<td>5.1%<\/td>\n<td>8.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/15502\/PA\/Philadelphia\" title=\"Philadelphia real estate\">Philadelphia<\/a><\/td>\n<td>3,997<\/td>\n<td>26.4%<\/td>\n<td>27.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/14240\/AZ\/Phoenix\" title=\"Phoenix real estate\">Phoenix<\/a><\/td>\n<td>8,815<\/td>\n<td>6.8%<\/td>\n<td>8.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/30772\/OR\/Portland\" title=\"Portland real estate\">Portland<\/a><\/td>\n<td>3,117<\/td>\n<td>28.7%<\/td>\n<td>18.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16409\/CA\/Sacramento\" title=\"Sacramento real estate\">Sacramento<\/a><\/td>\n<td>3,349<\/td>\n<td>3.6%<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16904\/CA\/San-Diego\" title=\"San Diego real estate\">San Diego<\/a><\/td>\n<td>2,902<\/td>\n<td>13.6%<\/td>\n<td>13.5%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/17151\/CA\/San-Francisco\" title=\"San Francisco real estate\">San Francisco<\/a><\/td>\n<td>3,513<\/td>\n<td>-7.7%<\/td>\n<td>4.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/17420\/CA\/San-Jose\" title=\"San Jose real estate\">San Jose<\/a><\/td>\n<td>1,463<\/td>\n<td>-6.3%<\/td>\n<td>9.3%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16163\/WA\/Seattle\" title=\"Seattle real estate\">Seattle<\/a><\/td>\n<td>4,873<\/td>\n<td>28.4%<\/td>\n<td>18.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16678\/CA\/San-Buenaventura-Ventura\" title=\"Ventura real estate\">Ventura<\/a><\/td>\n<td>723<\/td>\n<td>-2.1%<\/td>\n<td>8.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/12839\/DC\/Washington-DC\" title=\"Washington DC real estate\">Washington<\/a><\/td>\n<td>4,984<\/td>\n<td>13.4%<\/td>\n<td>26.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: bold\">National<\/td>\n<td style=\"font-weight: bold\">79,110<\/td>\n<td style=\"font-weight: bold\">13.7%<\/td>\n<td style=\"font-weight: bold\">15.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><a href=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Home-Price-Tracker_2013-05_Sales.png\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Home-Price-Tracker_2013-05_Sales.png\" alt=\"Redfin-Real-Time-Home-Price-Tracker_2013-05_Sales\" width=\"1198\" height=\"661\" class=\"alignnone size-full wp-image-15894\" \/><\/a><\/p>\n<h2>Home Prices Continue to Rise from 2012 in Every City<\/h2>\n<p>Nationally, home prices turned in another strong month in May, coming in 17 percent higher than a year earlier. Every one of the 19 markets we tracked saw home prices rise compared to May 2012.<br \/>\nPrices increased again month-over-month, rising 4.3 percent from April. Eighteen of the 19 metro areas that Redfin measures saw month-over-month increases in April, the same number that saw increases in March and April.<br \/>\n<a href=\"https:\/\/redfin.com\/city\/16409\/CA\/Sacramento\" title=\"Sacramento real estate\">Sacramento<\/a>, <a href=\"https:\/\/redfin.com\/city\/17151\/CA\/San-Francisco\" title=\"San Francisco real estate\">San Francisco<\/a>, and <a href=\"https:\/\/redfin.com\/city\/10201\/NV\/Las-Vegas\" title=\"Las Vegas real estate\">Las Vegas<\/a> again turned in the largest year-over-year price increases, gaining 39 percent, 35 percent, and 32 percent, respectively.<\/p>\n<div style=\"width: 400px;margin: 0 auto 15px;text-align: center\"><strong>May 2013 Changes in Median $\/Square Foot, Single-Family Homes<\/strong><\/p>\n<table class=\"ScienceTable\">\n<col width=\"135\" \/>\n<col width=\"99\" \/>\n<col width=\"65\" \/>\n<col width=\"75\" \/>\n<thead>\n<tr>\n<th width=\"135\" height=\"20\">Metropolitan Statistical Area<\/th>\n<th width=\"99\"><strong>Median $\/SqFt<\/strong><\/th>\n<th width=\"65\"><strong>Yearly Change<\/strong><\/th>\n<th width=\"75\"><strong>Monthly Change<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/30818\/TX\/Austin\" title=\"Austin real estate\">Austin<\/a><\/td>\n<td>$111<\/td>\n<td>4.2%<\/td>\n<td>-0.4%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/1073\/MD\/Baltimore\" title=\"Baltimore real estate\">Baltimore<\/a><\/td>\n<td>$175<\/td>\n<td>3.2%<\/td>\n<td>5.6%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/1826\/MA\/Boston\" title=\"Boston real estate\">Boston<\/a><\/td>\n<td>$220<\/td>\n<td>5.7%<\/td>\n<td>4.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/29470\/IL\/Chicago\" title=\"Chicago real estate\">Chicago<\/a><\/td>\n<td>$120<\/td>\n<td>8.7%<\/td>\n<td>7.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/5155\/CO\/Denver\" title=\"Denver real estate\">Denver<\/a><\/td>\n<td>$166<\/td>\n<td>15.1%<\/td>\n<td>2.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/15935\/CA\/Riverside\" title=\"Riverside real estate\">Inland Empire<\/a><\/td>\n<td>$129<\/td>\n<td>25.4%<\/td>\n<td>3.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/10201\/NV\/Las-Vegas\" title=\"Las Vegas real estate\">Las Vegas<\/a><\/td>\n<td>$92<\/td>\n<td>32.5%<\/td>\n<td>2.4%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/county\/1985\/NY\/Queens-County\" title=\"Queens real estate\">Long Island<\/a><\/td>\n<td>$263<\/td>\n<td>7.4%<\/td>\n<td>2.3%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/11203\/CA\/Los-Angeles\" title=\"Los Angeles real estate\">Los Angeles<\/a><\/td>\n<td>$301<\/td>\n<td>22.2%<\/td>\n<td>2.5%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/15502\/PA\/Philadelphia\" title=\"Philadelphia real estate\">Philadelphia<\/a><\/td>\n<td>$137<\/td>\n<td>4.2%<\/td>\n<td>4.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/14240\/AZ\/Phoenix\" title=\"Phoenix real estate\">Phoenix<\/a><\/td>\n<td>$102<\/td>\n<td>22.4%<\/td>\n<td>0.4%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/30772\/OR\/Portland\" title=\"Portland real estate\">Portland<\/a><\/td>\n<td>$158<\/td>\n<td>14.5%<\/td>\n<td>2.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16409\/CA\/Sacramento\" title=\"Sacramento real estate\">Sacramento<\/a><\/td>\n<td>$156<\/td>\n<td>39.0%<\/td>\n<td>5.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16904\/CA\/San-Diego\" title=\"San Diego real estate\">San Diego<\/a><\/td>\n<td>$251<\/td>\n<td>18.8%<\/td>\n<td>3.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/17151\/CA\/San-Francisco\" title=\"San Francisco real estate\">San Francisco<\/a><\/td>\n<td>$386<\/td>\n<td>34.7%<\/td>\n<td>9.6%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/17420\/CA\/San-Jose\" title=\"San Jose real estate\">San Jose<\/a><\/td>\n<td>$451<\/td>\n<td>26.6%<\/td>\n<td>3.9%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16163\/WA\/Seattle\" title=\"Seattle real estate\">Seattle<\/a><\/td>\n<td>$171<\/td>\n<td>12.9%<\/td>\n<td>5.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16678\/CA\/San-Buenaventura-Ventura\" title=\"Ventura real estate\">Ventura<\/a><\/td>\n<td>$270<\/td>\n<td>20.5%<\/td>\n<td>4.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/12839\/DC\/Washington-DC\" title=\"Washington DC real estate\">Washington<\/a><\/td>\n<td>$211<\/td>\n<td>8.7%<\/td>\n<td>4.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: bold\">National<\/td>\n<td style=\"font-weight: bold\">$208<\/td>\n<td style=\"font-weight: bold\">17.4%<\/td>\n<td style=\"font-weight: bold\">4.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><a href=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Home-Price-Tracker_2013-05_Prices.png\"><img decoding=\"async\" src=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Home-Price-Tracker_2013-05_Prices.png\" alt=\"Redfin-Real-Time-Home-Price-Tracker_2013-05_Prices\" width=\"1198\" height=\"661\" class=\"alignnone size-full wp-image-15893\" \/><\/a><\/p>\n<h2>Inventory Gains for Second Consecutive Month<\/h2>\n<p>Following up April&#8217;s gains, inventory turned in another solid month-over-month gain in May, increasing 4.3% from April&#8217;s level. Six of the 19 markets we track saw inventory shrink in the month.  Meanwhile, <a href=\"https:\/\/redfin.com\/city\/29470\/IL\/Chicago\" title=\"Chicago real estate\">Chicago<\/a> joined <a href=\"https:\/\/redfin.com\/city\/14240\/AZ\/Phoenix\" title=\"Phoenix real estate\">Phoenix<\/a> as the only markets where inventory is higher than it was a year earlier.<\/p>\n<div style=\"width: 400px;margin: 0 auto 15px;text-align: center\"><strong>May 2013 Changes in Number of Single-Family Homes for Sale<\/strong><\/p>\n<table class=\"ScienceTable\">\n<col width=\"135\" \/>\n<col width=\"65\" \/>\n<col width=\"46\" \/>\n<col width=\"53\" \/>\n<thead>\n<tr>\n<th width=\"135\" height=\"20\">Metropolitan Statistical Area<\/th>\n<th width=\"65\"># of Houses for Sale<\/th>\n<th width=\"46\">Yearly Change<\/th>\n<th width=\"53\">Monthly Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/30818\/TX\/Austin\" title=\"Austin real estate\">Austin<\/a><\/td>\n<td>5,212<\/td>\n<td>-26.4%<\/td>\n<td>4.6%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/1073\/MD\/Baltimore\" title=\"Baltimore real estate\">Baltimore<\/a><\/td>\n<td>6,710<\/td>\n<td>-14.7%<\/td>\n<td>3.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/1826\/MA\/Boston\" title=\"Boston real estate\">Boston<\/a><\/td>\n<td>8,467<\/td>\n<td>-49.0%<\/td>\n<td>-1.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/29470\/IL\/Chicago\" title=\"Chicago real estate\">Chicago<\/a><\/td>\n<td>31,200<\/td>\n<td>0.4%<\/td>\n<td>16.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/5155\/CO\/Denver\" title=\"Denver real estate\">Denver<\/a><\/td>\n<td>5,751<\/td>\n<td>-27.8%<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/15935\/CA\/Riverside\" title=\"Riverside real estate\">Inland Empire<\/a><\/td>\n<td>7,815<\/td>\n<td>-43.7%<\/td>\n<td>-7.3%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/10201\/NV\/Las-Vegas\" title=\"Las Vegas real estate\">Las Vegas<\/a><\/td>\n<td>12,472<\/td>\n<td>-21.7%<\/td>\n<td>-1.4%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/county\/1985\/NY\/Queens-County\" title=\"Queens real estate\">Long Island<\/a><\/td>\n<td>21,070<\/td>\n<td>-13.0%<\/td>\n<td>3.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/11203\/CA\/Los-Angeles\" title=\"Los Angeles real estate\">Los Angeles<\/a><\/td>\n<td>10,813<\/td>\n<td>-43.8%<\/td>\n<td>-1.3%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/15502\/PA\/Philadelphia\" title=\"Philadelphia real estate\">Philadelphia<\/a><\/td>\n<td>22,284<\/td>\n<td>-9.3%<\/td>\n<td>2.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/14240\/AZ\/Phoenix\" title=\"Phoenix real estate\">Phoenix<\/a><\/td>\n<td>14,656<\/td>\n<td>14.1%<\/td>\n<td>3.9%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/30772\/OR\/Portland\" title=\"Portland real estate\">Portland<\/a><\/td>\n<td>6,583<\/td>\n<td>-21.4%<\/td>\n<td>4.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16409\/CA\/Sacramento\" title=\"Sacramento real estate\">Sacramento<\/a><\/td>\n<td>3,639<\/td>\n<td>-54.7%<\/td>\n<td>1.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16904\/CA\/San-Diego\" title=\"San Diego real estate\">San Diego<\/a><\/td>\n<td>3,832<\/td>\n<td>-34.6%<\/td>\n<td>1.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/17151\/CA\/San-Francisco\" title=\"San Francisco real estate\">San Francisco<\/a><\/td>\n<td>3,421<\/td>\n<td>-34.8%<\/td>\n<td>-0.5%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/17420\/CA\/San-Jose\" title=\"San Jose real estate\">San Jose<\/a><\/td>\n<td>1,296<\/td>\n<td>-25.7%<\/td>\n<td>8.4%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16163\/WA\/Seattle\" title=\"Seattle real estate\">Seattle<\/a><\/td>\n<td>7,880<\/td>\n<td>-30.6%<\/td>\n<td>5.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/16678\/CA\/San-Buenaventura-Ventura\" title=\"Ventura real estate\">Ventura<\/a><\/td>\n<td>971<\/td>\n<td>-38.3%<\/td>\n<td>-1.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/redfin.com\/city\/12839\/DC\/Washington-DC\" title=\"Washington DC real estate\">Washington<\/a><\/td>\n<td>10,601<\/td>\n<td>-18.4%<\/td>\n<td>6.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: bold\">National<\/td>\n<td style=\"font-weight: bold\">184,673<\/td>\n<td style=\"font-weight: bold\">-21.9%<\/td>\n<td style=\"font-weight: bold\">4.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><a href=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Home-Price-Tracker_2013-05_Listings.png\"><img decoding=\"async\" src=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Home-Price-Tracker_2013-05_Listings.png\" alt=\"Redfin-Real-Time-Home-Price-Tracker_2013-05_Listings\" width=\"1198\" height=\"661\" class=\"alignnone size-full wp-image-15895\" \/><\/a><\/p>\n<h2>About the Real-Time Home Price Tracker<\/h2>\n<p>Redfin&#8217;s monthly report on home prices, inventory levels and sales volume is an up-to-date, accurate portrait of the U.S. real estate market, coming weeks or months ahead of other market reports. As a broker with access to dozens of Multiple Listing Services (MLSs) used by real estate agents to list properties and record sales, Redfin gets data within minutes of a sale, pending sale or listing activation, well before any government, media or analytics organization. Using MLS fields, Redfin is able to distinguish houses from condominiums and townhouses \u2014 which often sell for less money.<br \/>\nTo validate the accuracy of the data and to account for sales not handled by a real estate agent, Redfin compares MLS data with county records as they become available, using sophisticated algorithms to identify and resolve disparities about square footage or price for each address. Full data may be <a title=\"Redfin Real-Time Price Tracker: March 2013\" href=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Price-Tracker_2013-05.xlsx\">downloaded in a spreadsheet<\/a>, and the report methodology is <a title=\"Redfin Real-Time Price Tracker Methodology\" href=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/06\/Redfin-Real-Time-Price-Tracker-Methodology.pdf\">available as an Adobe document<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>May&#8217;s housing market has good news for everyone. Good news for buyers: For-sale home inventory increased in May for the second straight month. Good news for sellers: prices shot up and home sales hit a four-year high. There are some early signs that the market may be cooling slightly, but for now things are still [&hellip;]<\/p>\n","protected":false},"author":12371,"featured_media":2936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,22],"tags":[32],"coauthors":[],"class_list":["post-15891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-market-tracker","tag-housing-market-tracker"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Home Prices Shot Up in May As Sales Hit 4-Year High - Redfin Real Estate News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/may-home-sales-hit-4-year-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Prices Shot Up in May As Sales Hit 4-Year High\" \/>\n<meta property=\"og:description\" content=\"May&#8217;s housing market has good news for everyone. 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