Closed search volume dropped 5% month over month in January, but grew 5% year over year. While we shared open search volume trends last week, closed search trends have much more year-to-year variability in January. For the last two years, January’s YoY closed search trend has been a predictor of the year’s closed search trend with the rate of change being within 1.5 raw percentage points. For the last year, closed search volume has been very steady, with little month-to-month variance.