Housing Ablaze With Activity, Even as California Cools

Housing continues to be ablaze with activity, with off-the-charts prices and supply consumed at rapid-fire pace, according to the latest data preview from realtor.com®. Prices in May were 10 percent higher than those one year ago, with the national median at $275,000 and the national median age of inventory at 60 days—five days, or 8 percent, faster than one year ago. Inventory, though higher in May than in April, will still be down 11 percent.
“Last month there were more prospec