Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 67% from one year earlier, and down 33% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 680-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up significantly This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 620-thousand dollars. The number of units sold increased 100% year-over-year, and decreased 33% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.