Homes were selling in an average of 42 days, three fewer than April but two days slower than May 2025.
The months’ supply of inventory stood at 2.5, unchanged from a year ago and up from 2.3 in April.
“The housing market was finding its footing this spring, with steady month-over-month sales gains showing that buyers are still engaged,” said Chris Lim, RE/MAX President and Chief Growth Officer.
“At the same time, the slowdown in new listings limited inventory growth. That’s keeping conditions competitive in many markets, even as price growth remains relatively moderate. For buyers and sellers alike, this is a market where timing and expert guidance matter more than ever.”
New listings retreat extends seven-month streak
The supply picture is the defining friction point. Overall inventory rose 8.4% from April and 2.0% year over year, the 29th consecutive month of annual inventory growth, but those gains are shrinking.
