May is all the things. It’s a month for graduations, college move-out, summer planning, proms, and school ending. For many, it’s the start of the home-buying and selling season. Welcome to May-cember. On top of all of that, it’s suddenly hot enough to fry an egg outside. What lovely weather to tour homes.
Real estate activity in May often feels like it hits a speed bump. The challenge this year is that the speed bump is getting harder to get over as the inventory grows. It doesn’t matter what side of the table you are sitting on. The process is slow out there with the number of homes for sale to sift through.