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 up 7% from the previous month These latest figures mean that buyers had a greater 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 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 220-thousand dollars. The number of units sold Decreased 60% year-over-year and held steady month-over-month Even though sales figures were down from a year ago, the current inventory of excellent listings remains strong. 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.