• Months of supply has decreased from April to May. That's good. Months of supply is the number of months it would take to sell everything currently on the market. The fewer the months of inventory, the better.
• Sale price as a percentage of list price is virtually unchanged at 91%
• The number of pendings as a percentage of new listings has decreased. This is bad. More homes were pended (mutual acceptance of terms of sale between buyer and seller) comared to new listings in April than in May. This could be due to the face that more homes were put on the market in May than in April.
• Median sale price has gone down $10,000 in one month. The decrease is most likely due to the sale of less expensive homes, and an overall decrease in home values.
• Homes are on the market an average of 104 days compared to 95 days one month ago. It takes 9 days longer on average to sell a home.

So, a mixed bag. But most of the data indicate that the market was worse in May than it was in April.