Is your house still sitting on the market?
Less houses mean less competition. Buyers won't have a lot of options and if they're looking to buy in August, they're serious. They will overcome their preconceived notions to purchase a home.
Buyers are Solid
There are a pool of buyers who can't rent because rental inventory has been sucked up by college students or out-of-town moves. Around this time they have a stronger urge to find something and stronger credit after more time for them has passed.
Days on Market
They really don't matter at this point. A lot of people think to take it off in August and re-list for 0 days.
Houses that sell in August rather than June, the height of the market tend to be about 10% swing; we are talking 6 days on average. It's not worth it to not sell your house in August for 6 days.
Pricing is Strong
Comparable sales for the last 6 months, which appraisers and agents will use to list/sell your house, are some of the strongest the whole year.
Your pricing is not gonna go down just because inventory went down.
Honestly, inventory going down with the same amount of buyers tends to make a feeding frenzy. Tie that in with the fact that you have the comps to substantiate your price and that makes the whole process easier.
Don't take your house off the market in August, instead, take advantage of the market when other sellers are taking a break.