Welcome to August'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 down 22% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 490-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 54%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold decreased 33% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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.