August saw increases in the median sales price. The record-setting high for median sales price occurred in May at $1.3M. The highs of May were followed by lower values in June and July. Many were wondering if we were starting to see the market slow and values dropping. In August the median sales price went back up to $1.26M suggesting the market is still a strong seller’s market with continued demand from buyers and a limited number of homes for sale.
