Sales
There were 16 unit sales in August. This is up 220.0% from 5 in August of 2014. Sales/list price ratio in August moved down to 98.6% from 99.0% in July.
Prices
Median price in August was $776,000. This is up 6.3% from $730,000 in August of 2014. 3-month median price of $799,500 in August was down marginally from $800,000 in July but up a little from $710,000 in August of 2014. Price per square foot in August was $392. This is up from $391 in July but down from $444 in August of 2014.
Inventory
Inventory in August was 28, unchanged from the same month last year. New listings in August were 5, unchanged from the same month last year. Months of supply of 4.2 in August was down considerably from 5.4 in July and down modestly from 5.2 in August of 2014. On a year-over-year basis, months of supply has been falling for 4 months. This is the lowest months of supply has been since February, 2015.
Market Time
Days on market of 52 in August was up slightly from 46 in July and up considerably from 40 in August of 2014.
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