April was a pretty good month, as was May, although that really depended on what type of home you were selling or buying and where that home is located. Townhome sales continued their frenzied pace where multiple offers and escalation clauses are the rule rather than the exception for the best ones. 78 townhomes came under contract in Centreville in April and 73 in May. Down by just 2 from May of 2016 and 4 from April of 2016. There are, however, only 40 active townhome listings, up from 37 in March but well below the 61 from May of 2016. The average Days on market for townhomes that came under contract in May is only 15. Single Family homes are doing well, with 53 coming under contract in April, up from 48 in March, and up from 50 in April of 2016. That dropped to only 38 in May, which was identical to May of 2016. There are currently 91 single family homes active on the market in Centreville, up from 79 in April, but less than the 108 listed in May of 2016. However, if you break the single family home sales down, you will see that 39 of the 91 homes that are available are priced less than $700,000 and 52 are price above $700,000. 32 of the 38 homes coming under contract in April were homes priced under $700,000, while only 6 were priced over $700,000! So, the higher price ranges are not doing as well as the lower ones. Overall, in looking at Centreville numbers, the median sales price increased to $389,900 this April, up from $353,000 in April of 2016. The total number of active is 153, down 32% from the 225 in April of 2016. The average Days on Market decreased 53% from 30 in April 2016 to 14 this April. Lastly, there is currently a 1.2 months’ supply of active inventory in Centreville, down 36% from 1.8 a year ago. As our market continues to unfold, I will, as usual, keep you informed.