This spring and last spring both had months with unusually large spikes in median sales prices, which should be considered abnormal but certainly speak to a prevailing high demand dynamic. June sales will mostly reflect accepted-offer activity in May, and it will be interesting to see that final bit of Q2 data. Quarterly data is more meaningful than monthly data, which is much more prone to anomalous fluctuations.
Market activity typically begins to significantly slow for the summer, hitting its mid-year low in August.
