The Total Inventory of Properties available for sale as of August was 122, down 10.3% from 136 last month and up 4.3% from 117 in August of last year. August 2010 Inventory was at a mid level compared with August of

2009 and 2008. The August 2010 Months Supply of Inventory of 12.2 months was at its lowest level compared with August of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The Median Sales Price in August was $997,500, up 50.2% from $664,000 in August of 2009 and down 5.0% from $1,050,000 last month. The Average Sales Price in August was $1,016,950, up 24.2% from $819,000 in August of 2009 and down 26.9% from $1,391,000 last month. August 2010 ASP was at a mid range compared to August of 2009 and 2008.

August Property sales were 10, up 11.1% from 9 in August of 2009 and 42.9% higher than the 7 sales last month. August 2010 sales were at their highest level compared to August of 2009 and 2008. August YTD sales of 64 are running 14.3% ahead of last year's year-to-date sales of 56.

The average Days On Market (DOM) gives how many days the average Property is on the market before it

sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a

move towards more of a Seller's market. The DOM for August was 98, up 21.0% from 81 days last month and

down 16.9% from 118 days in August of last year. The August 2010 DOM was at its lowest level compared with

August of 2009 and 2008.

MARKET ACTION REPORT

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The August 2010 Selling Price vs Original List Price of 88.4% was up from 86.8% last month and up from 85.7% in August of last year.