Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 30% from one year earlier and down 4% 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 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 38% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 210-thousand dollars. Overall, The number of units sold Decreased 53% 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.