That's according to website Realtor.com, which released its data for May today.
The site says median list prices for homes in LR-NLR, reached $164,900 last month. That's a 6.38-percent increase from one year ago this month, and a 0.55-percent increase from April 2012. The national median list price in May 2012 was $194,900, a 3.17-percent increase compared to May 2011.
Active for sale inventory of homes in LR-NLR in May 2012 leveled out at 4,020, a 18.63-percent decrease compared to May 2011. National inventory counts for May 2012 were 1,876,924, a 20.07-percent decrease as compared to a year ago.
The median age of inventory in LR-NLR in May was 78 days. Nationally, the median age of inventory was 83 days.