The median home price is $555,000, showing a slight month-over-month decrease of 0.8% but an annual increase of 3.6%. The highest sale was $3,450,000, while the lowest was $228,000, with homes selling at 98.5% of their listed prices. There were 982 single-family homes sold, down 2.1% from the previous month. The average time on the market was 25 days, up from 21 days a year ago, and 52.1% of homes had multiple offers. Active listings rose 6.1% month-over-month to 1,785, a significant 31.0% increase year-over-year. Meanwhile, pending sales remained steady month-over-month at 1,085, but up 6.4% compared to August 2023. The report suggests a steady market with rising listings but slightly slower sales.
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