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 down 43% from one year earlier and down 14% 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 under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 27% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 1.05-million dollars. The number of units sold Decreased 33% year-over-year and Decreased 43% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales terms. 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.