Development ID recorded 172 unconditional transactions in May, up from 170 in April, with a total sales value of $217,828,914.
While transaction volume held steady month-on-month, total sales value eased from April's $267,130,257, reflecting a shift in the mix of stock transacted rather than a market slowdown.
The $750k-$1m bracket remained the most transacted price range in May at 23%, though it pulled back significantly from April's 34% share, suggesting the concentrated demand seen in April has begun to spread across the market.
The most notable shift was in the $1.5m-$2m bracket, which more than doubled from 6% in April to 15% in May; while the sub-$500k bracket grew from 14% to 19%.
The $500k–$750k bracket held steady at 14%, while activity above $2m remained consistent with April levels.
Two-bedroom stock continued to lead transactions in May at 42%, followed by one-bedroom product at 39%. Three-bedroom stock accounted for 18% of sales, with four-bedrooms representing the remaining 1%.
The most significant shift from April was in the one- and two-bedroom split. In April, two-bedroom homes accounted for 50% while one-bedroom homes accounted for 31%. May saw that gap narrow considerably: a sign that buyer demand is diversifying across configurations rather than concentrating in a single type.
Three- and four-bedroom results were unchanged month-on-month.
