Home prices are still on the increase and that is not likely to change during the summer months. The Median Sales Price increased 16.1 percent to $342,500 for the month.

April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price.

Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels.

A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.