Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was up 25% from one year earlier, and up 2% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just over 2-million dollars. Compared to last year, the average number of days units spent on the market before being sold did not change This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 3-million dollars. The number of units sold decreased 20% year-over-year, and increased 100% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.