The realtors association has the May numbers out. "Sales of existing homes experienced a minor decline in May with home prices rising near normal rates, according to the National Association of Realtors. Total existing-home sales eased 1.2 percent to a seasonally adjusted annual rate1 of 6.67 million units in May from a pace of 6.75 million in April, and were 6.6 percent below the 7.14 million-unit level in May 2005."

"David Lereah, NAR’s chief economist, said conditions are mixed around the country. 'There’s now a clear pattern of slower home-sales activity in many higher cost markets, which are more sensitive to rises in interest rates, and higher home sales in moderately priced areas which have experienced job growth,' he said. 'Although mortgage interest rates remain historically low, the uptrend in interest rates this year is affecting those buyers who are at the margins of affordability.'"

"Total housing inventory levels rose 5.5 percent at the end of May to 3.60 million existing homes available for sale. Existing condominium and cooperative housing sales were 6.6 percent below the 912,000-unit pace in May 2005. The median existing condo price3 was $229,300 in May, up 1.9 percent from a year earlier."

Looking at the PDF file from the link, here are the regional YOY sales percentages: Northeast,down 2.9%. Midwest, down 2.6%. South, down 2%. West, down 11.5%. The US as a whole, down 4.3%.

Inventory of existing homes:

2,556,000 May 2005

2,678,000 June

2,756,000 July

2,841,000 Aug.

2,772,000 Sept.

2,868,000 Oct.

2,924,000 Nov.

2,846,000 Dec.

2,883,000 Jan. 2006

2,985,000 Feb.

3,198,000 Mar.

3,415,000 April

3,604,000 May

That's a 5.5% increase over the last month, a 41% increase over the same month last year and a 51% increase in YOY months supply.