While new listings entering the market were slightly higher than July 2014, Marco Island real estate continued to suffer from lack of inventory, down 12.5% from last July. This has affected the single family home sales dramatically while condos and lots experienced growth. Pending sales also took a hit which could impact future sales volume. The good news is that, even with the poor home sales volume performance, overall sales volumes were slightly positive. As well, we continue to have demand with low supply. Therefore, we have seen a 14-15% increase in both average and median prices as compared to July 2015.