Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was stable from one year earlier and down 14% from the previous month These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month... was just under 730-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 26% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 630-thousand dollars. The number of units sold Increased 13% 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.