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 73 , up 3550.0 % from 2 days last month and up 108.6 % from 35 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .

350 300 250 200 150 100

Days On Market for Sold Properties

3 Mo Avg

73

50 20

35

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 $ 110 was up 20.0 % from $ 91 last month and down 1.9 % from 112 in February of last year .

150 140 130 120 110 100 90 80 70 60 50

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 105 % 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 100 % of a Seller ' s market . The February 2017 Selling Price vs Original List Price of 98.2 % was down from 100.0 % last month and down

95 % from 100.6 % in February of last year .

90 %

112 112 110

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

95.8 %

100.6 %

3 Mo Avg

98.2 %

85 %

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 5 , down 64.3 % from 14 last month and down 50.0 % from 10 in February of last year .

80 % 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

Inventory / New Listings / Sales

40 35 30 25 20 15 10 5 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

5 7

10 13

15 20

22

24 26 25

31 29 29

25 31 31 30

32

29 31

29

26 28

32

29 29

25 27

29 34

38

35 33 33

26 24

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