Join 700+ peers and get the latest market intelligence from experts you can count on at RealShare ORANGE COUNTY on August 18. IRVINE, CA- Auction.com has released its May Auction.com Real Estate Nowcast which projects that existing home sales for the month of May will fall between seasonally adjusted annual rates of 5.03 and 5.34 million annual sales, with a targeted number of 5.18 million-up 2.9% from April and 5.8% from a year ago. 'Heading into the summer buying season, we're expecting to see healthy increases in home sales activity - though those increases will likely occur at a more modest pace,' said Auction.com Executive vice president Rick Sharga .