Looking back on the past quarter the big news is the decline in the number of homes available on the market. During the summer months there were 18% fewer homes on the market in La Plata County. We consider this to be a healthy trend. During the recession our housing inventory was very high. As the number of homes sold has increased (up 15% from the prior year)combined with the decrease in supply, the market is moving to stability. Influenced by record low interest rates and low prices, the number of buyers for primary homes is increasing. In addition, investors are back. The median price continues to decline; but with demand rising and supply declining, the median price will eventually firm and the move upward.