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 127 , up 46.0 % from 87 days last month and down 32.8 % from 189 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 $ 159 was up 1.6 % from $ 157 last month and down 10.5 % from 178 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 95.3 % was down from 95.6 % last month and up from 94.6 % in February of last year .

Days On Market for Sold Properties

250 230 210 190 170 150 130 110 90 70 50

120 % 100 % 80 % 60 % 40 % 20 %

186

178

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

100.4 %

3 Mo Avg

3 Mo Avg

159

94.6 % 95.3 %

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 12 , down 25.0 % from 16 last month and down 20.0 % from 15 in February of last year .

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

Inventory / New Listings / Sales

160 140 120 100 80 60 40 20 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

79 87 84 81 81 86 86 87 84

57 67 69 75

85 98 93 109 111 124 119 109 111 132 137 137 137 148 148 143

125

111 105 100 95

86 79

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