There were 16% fewer contracts in May 2015 as compared to in May 2014.

There were 13% fewer contracts in June 2015 as compared to June 2014.

Thus far, July 2015 is also lagging behind July 2014 -- by 17% -- though we still have a few more days for deals to stay together.

These slower months of contract activity will eventually, inevitably, lead to slower months of closed sales as well.