Welcome to August's Market Update. Let's take a look at residential real-estate activity in your area during the month of August. The number of active listings was up 24% from one year earlier and down 28% from the previous month Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month... was just under 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 7% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 430-thousand dollars. The number of units sold Increased 20% year-over-year and Decreased 14% month-over-month Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you've found this video helpful as you gather more information to make smart, informed real estate decisions! If you'd like more information or assistance...please contact your agent.