Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for February was 59 , up 7.3 % from 55 days last month and down 15.7 % from 70 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The February 2017 Selling Price per Square Foot of $ 128 was up 2.4 % from $ 125 last month and up 12.4 % from 114 in February of last year .

Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The February 2017 Selling Price vs Original List Price of 95.9 % was up from 95.6 % last month and up from 94.7 % in February of last year .

Days On Market for Sold Properties

90 81

80 70

70

59 60 50 40 30 20 10 0 M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 14

15 16

17

Selling Price per Square Foot

3 Mo Avg

150 140 130 120 110 100 90 80 70 60 50

97 % 96 % 95 % 94 % 93 % 92 % 91 %

101

114

Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month

92.8 %

94.7 %

3 Mo Avg

3 Mo Avg

128

95.9 %

Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in February 2017 was 2,392 , down 1.9 % from 2,438 last month and down 2.0 % from 2,441 in February of last year .

8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000

0

7,376 7,388 7,488 7,561 7,557 7,558 7,393 7,272 7,098 6,940 6,667 6,620 6,531 6,546 6,542 6,577 6,311 6,081 5,947

M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

5,937

5,867 5,525 5,546 5,549 5,638 5,580 5,669 5,736 5,780 5,742 5,682 5,626 5,583 5,275 5,267

4,890

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