Homes Selling Fast As Prices Hit Record Highs, Says Realtor.com

The 2016 homebuying season is in full swing, with homes in May moving as fast as we’ve seen since the housing recovery began – even as asking prices continue to hit new record highs.
Based on preliminary May data released by realtor.com, the median age of properties on realtor.com in May was 65 days, which was the same median age as a year ago and three days faster than last month. The median home was listed at $250,000 – 9 percent higher than one year ago and 2 perce