"The unseasonably warm weather in January and February led to an early flurry of activity in the local market. Due to the earlier than normal start to the spring selling season, we have been anticipating a pause in activity at some point this summer since the nice weather doesn't bring new buyers into the market, it only spurs existing buyers into action earlier. When we saw the decline in sales from the previous report, we assumed it was the pause we had anticipated. Combined with the large increase in purchase contracts accepted, it looked exactly like what we had expected. When reviewing the corrected numbers, it looks like the trend towards a slow, but steady, recovery is on track, and in fact is more even and gradual than we anticipated."