This weeks review of local market conditions is mostly positive. MLS stats show that 2012 residential sales in the western 14 counties of Kentucky are slightly up over sales in the same time period of 2011. Here in Trigg County we are still lagging behind on units sold this year compared to last, however, figures from the last 90 days show a different story. There were 31 single family homes that closed in Trigg County from July 22, 2012 to Oct. 22,2012. A check of the same time period in 2011 shows only 27 sales. This appears to be a trend and should signal a recovery in our housing market. Also of interest is the fact that our percent of expired ( how many home listings expire before being sold) is down to about 37%. This figure was over 45% in the not too distant past. The number of days on market for homes sold is currently at 165, down from nearer 200 earlier this year. Finally, Trigg county market absorption rate at the end of Sept. continued it;s 7 month slide to end up at 15 months, down from 29 months in April. Still well within the "Buyers Market" area, it continues to move toward a more balanced market. What does it all mean? Confidence is high that we have passed the bottom of the market and are moving toward an improving market.