There was a +10% Y-O-Y pop in May’s sales and average cost-per-sf:
NSDCC Detached-Home Sales, May:
If the pricing starts to level off, the Y-O-Y differences should decline over the rest of the year. As those appreciation numbers start sounding more normal (3% to 5% ann.), the publicity of a red-hot market should begin to fade. Then it might feel more like a regular market?