May’s closed sales prices definitely reflect the flurry of activity created by home buyer tax credit with both average and median sales prices up in all four market areas reported on!! After such a busy month of pending sales in April, pending sales activity in May is down…although not down as far as many had predicted. Overall, prices are up, the absorption rate is healthy and months of inventory for sale is well within norms. May’s statistics reflect a very strong, balanced and healthy market!!