Market Time 100

The average Days On Market ( DOM ) shows how many days the

90 average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a 80 Buyer ' s market , a downward trend a move towards more of a 70 Seller ' s market . The DOM for February was 91 , up 19.7 % from

60

76 days last month and up 16.7 % from 78 days in February of last year . The February 2017 DOM was at a mid level compared with 50 February of 2016 and 2015 .

40 30 20 10 0

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 $ 137 was up 2.5 % from $ 134 last month and up 6.9 % from 129 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 95.0 % was down from 95.5 % last month and up from 93.4 % 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 200 , down 3.8 % from 208 last month and down 11.5 % from 226 in February of last year .

150 145 140 135 130 125 120 115 110 105 100

96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

700 600 500 400

Days On Market for Sold Properties

73

119

Selling Price versus Listing Price Ratio

93.2 %

596 604 602 610 598 614 595

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

631

621 590 572 562 575 564 563 560 556 515 499 515 493 472

503

78

129

93.4 %

518 541 538 529 528 539 554 518 526

3 Mo Avg

3 Mo Avg

534 494 489

91

137

95.0 %

465

300 200 100

0

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