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 stable from one year earlier, and did not change from the previous month. indicating virtually no change in the local inventory levels. As you can see, the median listing price for the month was just over 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 100%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The number of units sold decreased 100% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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.
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