Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was stable from one year earlier, and did not change from the previous month. … indicating virtually no change in the local inventory levels. As you can see, the median listing price for the month was just under 520-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 470-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.