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 106 , up 20.5 % from 88 days last month and down 23.7 % from 139 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 $ 86 was down 1.7 % from $ 87 last month and up 8.2 % from 79 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 94.3 % was down from 94.7 % last month and up from 93.7 % in February of last year .

160 140 120 100 80 60 40 20

Days On Market for Sold Properties

108

100 95 90 85 80 75 70 65 60 55 50

98 % 96 % 94 % 92 % 90 % 88 %

75

139

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

94.0 %

79

93.7 %

3 Mo Avg

3 Mo Avg

106

86

94.3 %

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 121 , up 13.1 % from 107 last month and down 22.4 % from 156 in February of last year .

86 %

700 600 500 400 300 200 100

0

608 587 587 609 626 609 586 594 585 559 561 542 534 520 538 586 595 566 518 511 479 467 443 481 486 520 528 508 493

454 424 402 382 396 361 356

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