Buyers were active in May across the Caldwell County region

Caldwell County home sales in May declined 13.9 percent as 62 homes sold compared to 72 that sold during the same period last year.  Pending contracts however increased 16.4 percent as 78 homes went under contract compared to 67 that were under contract a year ago in May. New listing were down 5.2 percent as sellers listed 92 homes for sale compared to 97 a year ago in May. Inventory and supply are increasing. Inventory rose 5.8 percent to 91 homes for sale or 1.4 months of supply.  Both the median sales price ($247,500) and the average sales price ($316,721) rose 6.5 percent and 21.8 percent year-over-year due to still tight inventory in the county. The average list price increased 3.1 percent year-over-year to $312,752. This brought the original list price to sales price measure to 95.9 percent compared to 97.9 percent in May 2022, while days on market until sale increased 70.6 percent, showing homes averaging 29 days on market compared to 17 days on market in May 2022.