Single family home sales also increased with sales rising 5.6 from April but and climbing 9.7% above the level seen in May 2014 while the median selling price increased 8.6% above the level seen a year earlier.
Inventory of single family homes increased from April to 2.03 million units rising 1.5% above the level seen in May 2014 which, along with the sales pace, resulted in a monthly supply of 5.2 months.
The following charts (click for full-screen dynamic version) shows national existing single family home sales, median home prices, inventory and months of supply since 2005.