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Hi, Everyone:

August tends to be one of the quietest months for real estate. Anyone who needed to be in a new house or condo, or even someone just renting for the year, likely made his or her decision by the end of July in order to be able to close by Labor Day for the start of the school year.

While some reports nationally are telling us that the inventory shortage is over, I see no such evidence in this area. Most of the inventory out there are places that were likely priced too high in the spring and are essentially “picked over” properties.

I will write to everybody in September with an update on where our market has been for the first eight months of the year. I will also be making a new announcement about my own professional plans.

Until then, enjoy what is left of the summer!

Terry