There was a +10% Y-O-Y pop in May’s sales and average cost-per-sf:

NSDCC Detached-Home Sales, May:

Year
#Sales
Avg. $/sf
Avg. DOM
2010
249
$388/sf
65
2011
243
$383/sf
69
2012
288
$380/sf
70
2013
319
$419/sf
40

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?

graph (31)

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