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 78 , down 4.9 % from 82 days last month and up 36.8 % from 57 days in February of last year . The February 2017 DOM was at a mid 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 $ 197 was up 18.8 % from $ 166 last month and up 14.9 % from 172 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 up from 92.6 % last month and up from 89.4 % 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 68 , down 8.1 % from 74 last month and down 25.3 % from 91 in February of last year .

160 140 120 100 80 60 40 20

Days On Market for Sold Properties

124

240 220 200 180 160 140 120 100

100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 %

186

Selling Price versus Listing Price Ratio

89.9 %

300 250 200 150 100

214

201 215 223 207 206 198

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

204 202 205 212

235

221 208 199 192

176 161 166 166 176

196

218

57

172

89.4 %

252

276 259 249 242 237

3 Mo Avg

3 Mo Avg

78

197

92.9 %

214 199 194 201 204 207 213

50 0

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