By Gwinn Volen

May real estate statistics are in, and compared to April it's more of the same for the 32082 zip code, Ponte Vedra Beach. Inventory remains very low at 4.6 months of supply.

The housing market functions under the same rules of supply and demand as any other industry. Six months of supply is considered a balanced market. So, as a whole, the 32082 market remains a seller's market (varies based on price point).

aerial of ocean and ponte vedra inn and club in ponte vedra beach, florida

Home prices are holding, with a slight change from last May of -3%, but overall prices are up 7% for the last 12 months.

Closed sales for May were down 43% from May 2019, while April was down only 32%. May's decrease in sales are reflective of the lockdown that occurred earlier, in March and April, while April wasn't…

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