The Greater Boston Association of Realtors (GBAR) has released its August statistics for the area’s housing market, and as usual, they are chockfull of implications for both the market’s current status and where it is heading.

Below, we have detailed three of the major trends found in GBAR’s report.

1. No End in Sight to Inventory Blues – By now, we should have become acclimated to Greater Boston’s inventory situation, but somehow the market continues to surprise us. According to GBAR, single-family inventory plunged 28.1 percent to just 2,585 active listings, while condo inventory dropped 24.9 percent to 1,360 listings.

The months supply statistics are even more discouraging. At 2.2-months, single-family supply is down 31.3 percent from a year ago, while condo supply has dropped 28.6 percent to just 1.5-months.

And it’s not as though new listings will solve the drought – only 1,208 single-family homes hit the market in August, down 9.2 percent from last year; similarly, condo new listings totaled 955, a mere 2.0 percent increase.

2. Negative External Forces – Because of Greater Boston’s persistent inventory problems, the area’s home sales are beginning to suffer. Single-family sales were down 0.4 percent in August to 1,704, while condo sales were down 4.1 percent to 1,200.

Granted, year-to-date stats are still positive – at 9,630 sales, the single-family market is up 4.3 percent over 2015, while the condo market is up 5.1 percent to 7,548 – but if the market’s inventory situation worsens further, home sales will follow suit.

3. Escalating Prices – Finally, another result of the low inventory is increased competition for the remaining listings, and thus, higher prices. Among August’s sales, single-family homes received 98.6 percent of the original list price, a slight uptick from a year ago; similarly, condos received 100.8 percent, a bump from Aug. 2015.

At the close of the month, the median sales price for single-family homes was $575,000, an 8.7 percent year-over-year jump. For the condo market, the median price of $499,000 was up 9.4 percent.