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 80 , up 8.1 % from 74 days last month and down 1.2 % from 81 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .

120

100

80

60

40

20

Days On Market for Sold Properties

3 Mo Avg

90 81 80

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 $ 113 was down 0.7 % from $ 113 last month and up 9.5 % from 103 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 94.4 % was down from 94.6 % last month and down from 95.2 % in February of last year .

150 140 130 120 110 100 90 80 70 60 50

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

94

103

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

93.6 %

95.2 %

3 Mo Avg

113

94.4 %

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 655 , down 8.1 % from 713 last month and down 8.0 % from 712 in February of last year .

3,000 2,500 2,000 1,500

2,499 2,526 2,537 2,580 2,616 2,699 2,661 2,745 2,755 2,635 2,643 2,639 2,603 2,524 2,567 2,494 2,429 2,412 2,370 2,372 2,388 2,360 2,360 2,363 2,365 2,288 2,213 2,218 2,212 2,213 2,255 2,260 2,202 2,084 2,089

1,937

1,000 500

0

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