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 83 , down 4.6 % from 87 days last month and up 2.5 % from 81 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .

140 120 100 80 60 40 20

Days On Market for Sold Properties

3 Mo Avg

102

81 83

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 $ 171 was down 34.8 % from $ 262 last month and down 2.3 % from 175 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 92.9 % was down from 93.4 % last month and down from 94.4 % in February of last year .

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 186 , up 2.8 % from 181 last month and down 1.1 % from 188 in February of last year .

300 280 260 240 220 200 180 160 140 120 100

96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %

174 175 171

Selling Price versus Listing Price Ratio

93.0 %

1,000 900 800 700 600 500 400 300 200 100

0

824 814 797 789 794 780

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

816 804 807 801 840 892 884 857

815 769 759 711 699

741 722 685

745

94.4 %

800 825 818 765 756 710 685

744 695

3 Mo Avg

707 681 676

92.9 %

716 c o l d w e l l b a n k e r h o m e s . c o m | 135