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 down 10% from one year earlier and up 6% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just under 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 59% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 150-thousand dollars. The number of units sold was consistent year-over-year and Increased 64% month-over-month These latest figures could 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.