Welcome to November's Market Update. Let's take a look at residential real-estate activity in your area during the month of November. The number of active listings was up 12% from one year earlier and down 17% from the previous month Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month... was over 3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 50% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 1.9-million dollars. The number of units sold Decreased 7% year-over-year and Decreased 19% 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.