How does the real estate market look this year for the greater Trumansburg, NY area compared to last year?

2013 YTD (Jan 1, 2013 – Aug 12, 2013)
34 Trumansburg residential, non-lake front properties sold.
Avg sale price $208,232
Avg DOM 144
Avg list/sale ratio 96%
Lowest sold price $55,000. Highest sold price $447,500

2014 YTD (Jan 1 – Aug 12, 2014)
27 Trumansburg residential, non-lake front properties sold.
Avg sale price $184,176
Avg DOM 129
Avg list/sale ratio 96%
Lowest sold price $37,000. Highest sold price $343,500.

In comparison to last year, it appears that the average sold price for the Trumansburg area is down $24,000 or 13%. However, the # of units sold is down as is the average days on market is also down (units are taking less time to sell), indicating that the lower priced homes are selling faster and are in higher demand.

Stats courtesy of the Ithaca Board of REALTORS MLS