The Total Inventory of Properties available for sale as of August was 80, down 14.9% from 94 last month and

down 22.3% from 103 in August of last year. August 2010 Inventory was at its lowest level compared with

August of 2009 and 2008.The August 2010 Months Suply of Inventory of 7.3 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 $475,000, down 42.9% from $832,500 in August of 2009 and down 3.6% from $492,500 last month. The Average Sales Price in August was $461,523, down 53.9% from $1,001,875 in August of 2009 and down 17.4% from $558,964 last month. August 2010 ASP was at the lowest level compared to August of 2009 and 2008. August Property sales were 11, up 175.0% from 4 in August of 2009 and 21.4% lower than the 14 sales last month. August 2010 sales were at their highest level compared to August of 2009 and 2008. August YTD sales of 58 are running 65.7% ahead of last year's year-to-date sales of 35.

The average Days On Market (DOM) shows 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 134, up 25.2% from 107 days last month and

up .5% from 117 days in August of last year. The August 2010 DOM was at a mid 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

86.6% was down from 89.0% last month and down from 90.1% in August of last year.

The number of New Listings in August 2010 was 11, down 15.4% from 13 last month and down 26.7% from 15 in August of last year.