The first month of 2025 proves to be stable with only two fewer contracts signed than January 2024. The 9.5% decrease from last month can be deceiving without context. As a refresher, Q4 2024 outperformed the rolling seasonal average and December 2024 signed 21.4% more contracts than December 2023. With a fierce start to January, we were a little surprised by its performance. But then again, contracts can take 2-3+ weeks to get signed, so we are assuming there will be more deals surfacing over the next few weeks.