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 down 16% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 1.2-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 33%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 700-thousand dollars. The number of units sold decreased 3% year-over-year, and increased 82% 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.