Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 24% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just over 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 80%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 86% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better 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.