"Active listings haven't been this low in the month of May in more than three decades," while the dollar value of all home sales for the month more than doubled, year-over-year.

Active listings, meanwhile, haven't seen the lows last month saw in more than three decades.

While the MOI was recorded at a minuscule 0.7.

What's insured, what's not, and how you can get the most bang for your buck.