Monthly Highlights

• Pending sales for detached single-family homes rose 2.13 percent from the previous month yet monthly home sales declined for the fourth consecutive month.

• The median sale price for single-family detached home sales saw a modest decline in August to $182,500, down 1.88 percent from both the previous year and previous month.

• Active listing inventory for single-family, detached homes is at 5,759, up 8.68 percent from the previous year.